GAO Prods at CFPB’s Budget, Cites “Control Issues”

What's Next In Payments®
4:52 PM EDT May 21st, 2012

The U.S. Government Accountability Office made 10 recommendations for changes to the Consumer Financial Protection Bureau’s “internal controls and accounting procedures,” through an official report issued today.

“We do not consider these issues to represent material weaknesses or significant deficiencies in relation to CFPB’s financial statements,” the GAO said. “Nonetheless, we believe they warrant management’s attention and action.”

The full report is available at the GAO’s website.

Comments
Also by This Author
What's Hot
News
Mobile Payments Fuel Starbucks Growth
Merchant Innovation
ATM Networks Join Forces Against Fraud
News
Amazon Stock Tumbles on Losses
Merchant Innovation
MoneyGram Beefs Up Exec Ranks
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
The FI Payments’ Innovation Survival Kit
Alternative Financial Services
“Embrace Innovation” (Or Else Suffer The Consequences)
News
Mobile Payments Fuel Starbucks Growth
Hmmm
Visa Unveils Major Digital Moves
View All Articles ››