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Volume 25 - Number 01

January 6, 2014

CFPB Staffing Up 2200% Over Two Years as Young Agency Ramps Up

The CFPB continues to grow as a young federal agency, going from 58 employees at the beginning of fiscal year 2011 to 1,335 employees at the end of fiscal year 2013, an increase of 2,201 percent, according to the agency’s financial report for FY 2013. “At the end of fiscal year 2013, the CFPB was still below the full employment levels and funding it estimates for its steady state in future years,” the report stated. The lion’s share of CFPB staff – 45 percent – is dedicated to supervision, enforcement and fair lending, while 29...

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