Borrowers may fall shy of PPP forgiveness standard, SBA watchdog warns


The Small Business Administration's Inspector General also flagged a number of shortcomings in the implementation of the Paycheck Protection Program.


FDIC not consistent in assessing impact of rules: Watchdog


The agency agreed to most recommendations made by its inspector general but pushed back on some conclusions.


Senate Dems urge CFPB watchdog to investigate restitution practices


In a letter to the agency's inspector general, the 15 lawmakers pointed to specific cases where they said the bureau departed from legal standards in deciding not to require restitution.


Treasury renews Comerica contract for benefits program hit by fraud


Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.


IG to Treasury: Don't whitewash lapses in Comerica benefits program


An inspector general’s findings suggest that the Texas bank could face more consequences over how it handled fraud cases last year tied to the Direct Express program.


CFPB scheduled exams for debt collectors outside its jurisdiction: IG


The watchdog said the CFPB had trouble determining if some medical debt collectors were subject to its oversight, yet the exams were canceled before their start dates.


Watt abused role in pursuing relationship with FHFA staffer: Watchdog


Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.


Comerica scrambles to address fraud in prepaid benefits program


The Texas bank, which partners with the U.S. Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them.


What FHFA scandals mean for agency's future, GSE reform


The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.


CFPB examiners moved through training program too fast, IG says


The Consumer Financial Protection Bureau may have commissioned some examiners before they were prepared, a new report has found.