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.
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.