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Changes to Consumer Financial Protection Bureau Employee Pay Rates

This act aims to standardize how employees of the Consumer Financial Protection Bureau (CFPB) are paid. Their salaries will now be set according to the General Schedule, which is a standard pay scale used across most federal agencies. This change could affect the stability and predictability of the Bureau's operations, which are crucial for protecting citizens' financial interests.
Key points
Salaries for Consumer Financial Protection Bureau (CFPB) employees will be set according to the federal General Schedule pay scale.
The change will take effect 90 days after the act is passed.
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Status: Introduced
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Additional Information
Print number: 119_S_1923
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2025-06-02