Congressman Randy Neugebauer Says CFPB Lacks Transparency

In this Wall St. Journal op-ed, Congressman Randy Neugebauer (R-TX) says that the Consumer Financial Services Bureau is not transparent about how it plans to spend its money. He also says that the CFPB pays its employees too much money:

review of the bureau's salaries as of Aug. 28, 2012, reveals that
approximately 60% of its 958 employees make more than $100,000 a year.
Five percent of its employees are out-earning U.S. cabinet secretaries
by raking in $200,000 or more annually. The director's secretary alone
is paid $165,139 a year.

It sounds like the CFPB is transparent about what it pays its employees! As you will see if you read his op-ed, Rep. Neugebauer is very vague about his lack-of-transparency claim. In any event, I'd like to hear the rebuttal to Neubebauer's claim and whether it's true that 60% of the agency's employees make more than $100,000.

0 thoughts on “Congressman Randy Neugebauer Says CFPB Lacks Transparency

  1. Kim says:

    Randy Congress has a 10% approval rating according to the latest Huffington Post report. I think the American people are more concerned if you are being over paid. Trust me you are in no position to determine anybodies value when the Amercan people place your value at close to “0”. And how much do you get paid? I think the CFPB needs to investigate you next because America does not feel that they are getting their moneys worth with you.

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