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CFPB to use new pass/fail employee rating system

Any CFPB employee who received a three or four ranking under the previous performance review system in 2012-13 will be retroactively given a top score of five.

By Nicholas Ballasy | Updated on August 27, 2014

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.

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