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Richard Cordray, Director (Director associated with the 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 react to the last Report of Inquiry (Final Report) into The FDIC’s Supervisory method of Refund Anticipation Loans plus the 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 things raised by the OIG for consideration.

FDIC Board post on Policy Matters Raised when you look at the Final Report

The OIG asked for that FDIC look at the dilemmas included in the Final Report and apprise the OIG of every actions FDIC will require because of this.