The House Financial ServicesCommittee Oversight and Investigations Subcommittee willinvestigate allegations the CFPB engaged in discrimination andretaliation against its employees
CU Times will cover the hearing onsite from CapitolHill on Wednesday, April 2 at 10 a.m. Eastern.
The subcommittee hearing follows reports, first published inAmerican Banker, that CFPB managers showed a pattern ofranking white employees distinctly better than minorities inperformance reviews, which were used to grant raises and issuebonuses. CFPB management was also accused in several cases offavoring Caucasian men and of creating a hostile workenvironment.
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