The American Banker reported this week that the CFPB released an internal report that shows the disparities in employee evaluations on which we previously reported go beyond race. The report showed “statistically significant disparities” based on race, age, CFPB office location, length of employment, and participation in the CFPB’s union.

In response to the findings in this latest report, the CFPB announced that it is scrapping the current system and will pay most agency employees as if they had received the highest rating available at the time of their evaluations.… Continue Reading

The House Financial Services Committee’s Subcommittee on Oversight and Investigations has scheduled a hearing for April 2, 2014 entitled “Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau.”  The hearing follows the American Banker’s recent article revealing that CFPB staff evaluations showed a pattern of racial disparities.  

According to the Committee memorandum, Committee staff received corroborating information from a CFPB employee who alleged she experienced gender discrimination and retaliation for filing an Equal Employment Opportunity complaint with the CFPB’s Human Capital Office.… Continue Reading

The CFPB appears to have reacted to the American Banker’s recent article revealing that CFPB staff evaluations showed a pattern of racial disparities by releasing the internal report that was the basis for the article.  According to an article by Wall Street Journal reporter Alan Zibel, the CFPB’s release of the report last week “represents an attempt to quell internal discord over treatment of minority employees at the agency.” … Continue Reading

The CFPB has issued its third annual report to Congress on its workforce.  The Dodd-Frank Act requires the CFPB to submit an annual report that includes a Recruitment and Retention Plan, Training and Workforce Development Plan, and Workplace Flexibilities Plan. 

Titled “Growing our Human Capital,” the report states that the CFPB had 1,302 employees as of the end of the fourth quarter of FY 2013. … Continue Reading