WASHINGTON–The regulatory burden may not be shrinking from the CFPB, but its workforce is. New numbers released by the agency show it had reduced its number of employees by almost 8.5%, or 139 full-time employees, over its most recent fiscal year.
The numbers were included in the CFPB’s
“Equal Employment Opportunity (EEO) program status report for fiscal year (FY) 2018.” The Bureau said it closed the year with 1,504 employees.
Among the specific findings in the report:
- The decline in workforce came primarily among white, female workers, whose numbers declined by 51 positions, or just under 37% of all positions that went away.
- Positions held by white men made up the second largest group to disappear, with 44 positions (32% of positions eliminated).
- Overall, white workers male and female make up the majority of CFPB employees, representing 60% of the workforce.
- Overall, male workers decreased slightly last fiscal year, from 51.25% of the total workforce at the end of FY 2017 to 51.1% at the end of FY 2018.
- Females within its workforce increased slightly.