Biden CFPB pick urged to fix racist policies at agency

Source: Katy O'Donnell, Politico (Paid Registration)

Rohit Chopra, President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau (CFPB), told lawmakers last month that racial inequality is “reinforced and exacerbated" by workplace racism. Now, complaints of pay discrimination may be one of the first big challenges he addresses at his own agency.

According to the CFPB's union, Black employees last year were paid a median $20,000 less than white employees. Base pay was lower for employees of color even when job type and experience were the same, the union said in a pay study it conducted in the fall.

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