As we reported last week, the National Treasury Employees Union (NTU) won an election to represent over 800 of the CFPB’s 1,200 employees.  The vote was 378 in favor and 86 against. 

I asked Shannon Farmer, a colleague who is a labor lawyer, whether this move would make it harder for the CFPB to fire incompetent employees and increase the agency’s human resource expenses. … Continue Reading

According to a report from Politico, CFPB employees voted last week to join the National Treasury Employees Union, a federal union that also represents employees at other financial regulators, including the FDIC, OCC and SEC. 

The report states that “according to several people familiar with the situation,” the move to unionize “was driven in large part by news that many employees in Washington would be forced to give up their private offices while the bureau renovates its headquarters.”… Continue Reading