Reply to Are SEC/CFPB/FDIC/OCC Employees Exempt from Federal Raise Announced by Biden?

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Reply to "Are SEC/CFPB/FDIC/OCC Employees Exempt from Federal Raise Announced by Biden?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am always astonished at how entitled attorneys are.  It blows my mind.   There so many at the FDIC just raking it in.  3 years of law school gets you these grand salaries - it's nuts.   Same at the other regulators.  It's sickening actually. [/quote]

Learn a bit of history. The higher salaries are intended, by Congress, to reduce the revolving door problem in the financial regulators. And these aren't grand salaries compared to what the banking attorneys, who are always in demand, receive in the private sector.

You act like anyone can just walk in to a financial regulator attorney position. Good luck. They positions are hard to get and ensure high quality hires ilon average. [/quote]

NP. I hear this all the time from financial regulatory attorneys, but the reality is that they're not interested in going to the private sector. Yes, they are paid less than a high-performing peer in the private sector, but they are not that. While their private sector peers are pushing 80 hours/week, the regulatory attorneys are doing 40. Meanwhile, the agency attorneys are pulling $300K + pension, not bad for what they do.[/quote]

What financial regulatory attorneys are making 300k salary?[/quote]

Agreed - they’re not making $300k and most are not working only 40 hours.[/quote]

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