Tuesday, February 07, 2017

Warren's Rewards

Tribal work is good work if you can get it:
Warren deliberately placed the agency inside the Federal Reserve Board. As a result, the salaries there do not have to conform to the pay scale set for federal workers at all other department and agencies.

CFPB spokesman Samuel Gilford justified the high salaries by citing Dodd-Frank’s section 1013, saying “compensation at the CFPB is set pursuant to the federal law that established the agency.”

“It’s ironic that the agency that is supposed to be looking out for the ‘little guy’ is actually padding the pockets of their own employees with exorbitant salaries,” David Williams, president of the Taxpayer Protection Alliance, told TheDCNF.

The top salary at CFPB is reserved for Gail Hillebrand, the associate director for consumer education. She received $259,500 in 2016.
Share the wealth? Only with each other, it seems...

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