Bureau staffs up
October 26, 2010 | Financial Reform Bill - CFPB, federal legislation | Comments (0)From the story:
On a conference call, Warren outlined the new developments at the bureau, which last week moved into new offices in Northwest Washington. Warren expects the staff to quickly outgrow the 30,000 square feet of office space there, and have to transition to a more permanent office location. Previously, consumer protection regulators were spread across multiple agencies and never housed under the same roof.
Over 50 employees staff the embryonic CFPB at this point, with that number expected to double over the next two months. “We have already received more than 1,500 resumes,” Warren said. Many of the current staff members are detailees from agencies which previously had consumer protection responsibilities. Total employees should reach into four digits by the time the agency is fully functioning. It will transfer into the Federal Reserve by July 21, 2011.
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