Richard Cordray, Director (Director associated with customer Finance Protection Bureau) /S/

Richard Cordray, Director (Director associated with customer Finance Protection Bureau) /S/

TOPIC: Reaction To Workplace of Inspector General Report No. OIG-16-001

Many thanks for the chance to review and answer the Report that is final of (Final Report) into The FDIC’s Supervisory method of Refund Anticipation Loans together with Involvement of FDIC Leadership and Personnel, made by the FDIC’s workplace of Inspector General (OIG). Whilst the FDIC’s a reaction to the Draft Report of Inquiry on February 17, 2016, addressed the factual record, this reaction addresses the matters raised by the OIG for consideration.

FDIC Board report on Policy Matters Raised within the Final Report

The OIG asked for that FDIC look at the problems included in the Final Report and apprise the OIG of any actions FDIC will require because of this. Responding, the FDIC Board of Directors (FDIC Board or Board) will undertake overview of the issues that are key when you look at the Final Report for consideration. The FDIC Board reiterates its commitment to the Mission, Vision, and Corporate Values of the FDIC as a starting point. Furthermore, the FDIC Board commits to review and look at the following issues:

• the quality and sufficiency of parameters put on the application of ethical suasion, or its equivalents;

• the adequacy of existing cars for examiners as well as other workers to report whatever they believe become improper actions or way;

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