Regulator Employees Earn Big Money Off Our Tax Dollars

Matt Cover with cnsnews.com wrote a great article on the pay received by federal financial regulators, including the CFPB:

“Federal employees at several financial regulatory agencies – including the new Consumer Financial Protection Bureau (CFPB) – are earning six-figure salaries and taking home bonuses up to $5,000, according to federal records obtained by Judicial Watch. At least 228 such regulators make $225,000 a year.”

Let’s see – 228 regulators at $225K a year, equals $51.3 million on payroll alone! And that’s only some of the employees!

According to Cover, 12 of these employees are with the CFPB, while the others are with organizations such as the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, the Treasury Department, and the Securities and Exchange Commission.

Another highlight of the article:

“The CFPB – created by the 2010 Dodd-Frank financial regulation law – has hired a dozen employees at more than $225,000 per year, Judicial Watch reported on Tuesday. The massive new financial regulator has also hired a college student intern, paying her $42,036 per year, despite being listed as a “student trainee” in federal records.”

The full story can be found here