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.