Fed/CFPB OIG Releases Strategic Plan 2017-2020

Agency Rule-Making & Guidance OIG Federal Reserve CFPB

On April 11, the Office of Inspector General (OIG) for the Fed and the CFPB published its Strategic Plan 2017–2020, providing an overview of the OIG’s organizational objectives for the next four years, as well as the indicators it will use to measure its performance as the “trusted oversight organization” of the Fed and the CFPB. According to a “Message From the Inspector General,” the Strategic Plan, is “the culmination of an extensive process that included a thorough functional assessment and organizational review of the OIG,” as well as an “extensive rebranding initiative.” The plan notes, among other things, that in order to “effectively engage all [its] stakeholders,” it is important that the OIG “successfully communicate [its] mission,” and “timely and effectively communicate [its] results.”