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Changes to Consumer Financial Protection Bureau Employee Pay Rates

This act modifies how employees of the Consumer Financial Protection Bureau (CFPB) are paid. Their salaries will now be set according to the standard federal pay scale. This aims to standardize compensation across government agencies.
Key points
CFPB employee salaries will be determined by the General Schedule, a standard federal pay system.
The change will take effect 90 days after the act becomes law.
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Additional Information
Print number: 117_S_1227
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2021-04-20