The Consumer Financial Protection Board (CFPB) has replaced its five-tier performance rating system for employees with a two-tier system after racial disparities were revealed earlier this year.
According to a CFPB spokesperson, CFPB employees will receive either an “unacceptable” rating or “solid performer” rating under the new system.
Additionally, any CFPB employee who received a three or four ranking under the previous performance review system in 2012 or 2013 will be retroactively given a top score of five. Each employee will be compensated with the amount money they would have received with the highest rating.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
