The CFPB has issued its second annual report to Congress on the CFPB’s workforce. The Dodd-Frank Act requires the CFPB to submit an annual report that includes a Recruitment and Retention Plan, Training and Workforce Development Plan, and Workplace Flexibilities Plan.
Titled “Growing our Human Capital,” the report describes the CFPB’s progress in building its workforce since July 21, 2011 (the date of its first annual report.) According to the report, the CFPB had 1,014 employees as of November 3, 2012, with 34% of the CFPB’s employees self-identifying as a minority.
The report describes the CFPB’s “key accomplishments” in recruitment and hiring, training, and developing workplace flexibilities. The “key accomplishments” in recruitment and training include, respectively, the CFPB’s recruitment campaign for examiners and four initiatives for training examiners. Consistent with the CFPB’s focus on fair lending enforcement and emphasis on fair lending in its examination procedures, one of those initiatives is a fair lending course for examiners.