Fed Reserve Refines Privacy Rules for OIG Investigative Record Systems
Published Date: 1/24/2025
Notice
Summary
The Federal Reserve’s Office of Inspector General is updating how it handles investigative records about its work and the Consumer Financial Protection Bureau. This change affects anyone involved in these investigations and helps keep things organized and secure. No big cost or timing changes, just smoother record-keeping to protect your info better.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
OIG Investigative Records Update
The Federal Reserve’s Office of Inspector General is modifying its system of records titled BGFRS/OIG-1, “FRB--OIG Investigative Records,” which covers inquiries and investigations related to the Board and the Consumer Financial Protection Bureau. If you are involved in one of those investigations, this change affects how your investigative records are collected, maintained, and managed and is intended to keep records more organized and secure. The notice says there are no major cost or timing changes associated with this update.
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