(CNSNews.com) – Federal employees at several financial regulatory agencies – including the new Consumer Financial Protection Bureau (CFPB) – are earning six-figure salaries and taking home bonuses up to $5,000, according to federal records obtained by Judicial Watch. At least 228 such regulators make $225,000 a year.
In comparison, members ofCongress make $174,000 a year; the Speaker of the House makes $223,500; and the majority and minority leaders pull in $193,400 a year.
The records, obtained through the Freedom of Information Act (FOIA), show the number of employees at five of the six major financial regulatory agencies.
In addition to the CFPB, the personnel documents come from Wall Street regulatory agencies including the Commodity Futures Trading Commission (CFTC), the Office of the Comptroller of the Currency (OCC), the Treasury Department, and the Securities and Exchange Commission (SEC).
The forms reveal that hundreds of regulators earn in excess of $225,000 per year, not counting bonus income awarded by some of the agencies.
The CFPB – created by the 2010 Dodd-Frank financial regulation law – has hired a dozen employees at more than $225,000 per year, Judicial Watch reported on Tuesday. The massive new financial regulator has also hired a college student intern, paying her $42,036 per year, despite being listed as a “student trainee” in federal records. http://www.cnsnews.com/news/article/us-govt-financial-regulators-earn-tax-funded-salaries-225000-plus
