The CFPB has replaced its five-tier performance rating system for employees with a two-tier system after racial disparities were revealed earlier this year.
According to a CFPB spokesperson, CFPB employees will receive either an "unacceptable" rating or "solid performer" rating under the new system.
Additionally, any CFPB employee who received a three or four ranking under the previous performance review system in 2012 or 2013 will be retroactively given a top score of five. Each employee will be compensated with the amount money they would have received with the highest rating.
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