The Federal Housing Finance Agency (FHFA) has named Phyllis K. Fong as its acting inspector general. She will continue to serve as the inspector general for the U.S. Department of Agriculture (USDA) while she serves as the acting FHFA inspector general.
Fong will be the senior official in the Office of Inspector General (OIG) responsible for audits, investigations and other oversight activities relating to FHFA’s programs and operations.
“FHFA takes great pride in being a world-class prudential regulator,” says Sandra L. Thompson, FHFA’s acting director. “We strive to be good stewards of the resources taxpayers have entrusted to us. Inspector Fong’s leadership in FHFA OIG will provide the oversight required to ensure that FHFA executes our mission in an efficient and effective manner without waste, fraud, or abuse.”
“FHFA OIG has an important mission to provide oversight and recommendations to enable FHFA to deliver its programs as effectively as possible,” states Fong. “I look forward to working with FHFA OIG’s staff to accomplish this mission, and appreciate Acting Director Thompson’s interest and support.”
Fong has served as inspector general for USDA since 2002. She served as the inspector general of the U.S. Small Business Administration from April 1999 until December 2002. Prior to her appointment, Fong served as a career member of the Senior Executive Service. From 2008 to 2014, Fong served as the first chairperson of the Council of the Inspectors General on Integrity and Efficiency. She also served as a member of the Recovery Accountability and Transparency Board.