On June 6, 2025, the Federal Reserve Board announced the appointment of Michael E. Horowitz to lead the Federal Reserve Board's Office of Inspector General (OIG) effective June 30, 2025. By law, the Federal Reserve's OIG also fulfills this role for the CFPB, which is funded by but operates independently of the Federal Reserve.

The OIG is tasked with making recommendations to improve the efficiency and effectiveness of the agencies, as well as preventing and detecting waste, fraud, and abuse. Horowitz has more than 35 years of experience in law, public administration, and investigations. He has most recently served as the inspector general of the Department of Justice since April 2012.

Read the Fed’s announcement here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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