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For an executive agency possessing so much authority, the CFPB’s staff appears to be under-qualified.

Effectiveness

Cronyism, Discrimination, and Agenda-Driven Incompetence

The young agency has come under fire from employees for creating a hostile work environment with a clear activist agenda.

Salaries and Qualifications

CFPB pays its staff a premium, but an examination of many staff member qualifications suggests that many of CFPB’s regulators and examiners may be under qualified for their positions.

Employees’ Experience

A number of CFPB’s senior staff were previously employed by agencies that were implicated in the financial collapse (Fanny Mae, etc.)

Insecurity and CFPB’s Demand for Data

An audit of CFPB’s data collection and security procedures revealed that it lacked proper security precautions to protect secure data.