Reports
Search for reports and investigative results.
Showing 1 - 10 of 13 results
Federal Reserve Board & CFPB OIG
The CFPB Effectively Monitors Consumer Complaints but Can Enhance Certain Processes
Mississippi Office of the State Auditor
Mississippi’s Historic Unemployment Fraud
The Mississippi Department of Employment Security (MDES) administers Mississippi’s unemployment benefits programs. With the influx of jobless claims and COVID relief aid as a result of the pandemic, total unemployment benefit claims increased from $59.6 million in FY 2019 to $2.1 billion in FY 2020. With this infusion of money came massive fraud and misspending. For example, from FY 2020 to FY 2021, known overpayments increased from $118 million to $474 million. The massive loss of money from Mississippi’s unemployment fund is partially the result of MDES bypassing or altering their own...
Federal Reserve Board & CFPB OIG
The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes
Federal Reserve Board & CFPB OIG
Following Established Processes Helped FRB New York and the Board Reduce Risks Associated With Lending Facility Contracts
Federal Reserve Board & CFPB OIG
The CFPB Implemented Safety Measures in Accordance With Its Reentry Plan
Alaska Division of Legislative Audit
A Special Review of the Department of Commerce, Community, and Economic Development, Alaska CARES Act Small Business Relief Program
The audit concluded that the Alaska Small Business Relief Program disbursed approximately $282 million of CARES Act funds through the issuance of 5,754 grants; however, the distribution rate of grant funds fell far short of expectations. The State expected to distribute $150 million per month, yet only $18 million was distributed by the end of the program’s second month. Additionally, Results of testing found a high rate of unallowable grant awards. Auditors tested 155 grants and identified at least one error for 39 percent of the grants tested.