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Fraud, Abuse, Or Retaliation
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Recommendation Details
Text of Recommendation
We recommend that the Board’s Legal Division and FRB Boston’s Legal Department document a framework outlining the general process for identifying, determining, and pursuing action on ineligible loans as well as the key roles and responsibilities for addressing potentially ineligible MSLP loans.
Recommendation Number
1
Recommendation Status
Closed
Significant Recommendation
No
Associated Report Details
Submitting OIG
Federal Reserve Board & CFPB OIG
Linked Report
The Board and FRB Boston Generally Followed Their Process for Purchasing MSLP Loan Participations but Can Formally Document Some Key Processes