CFPB Recruits Undercover Agents

The Consumer Financial Protection Bureau is seeking to recruit investigators to possibly pursue cases against America’s financial institutions.

According to a Washington Times report, the CFPB is running recruitment advertisements seeking new employees to go undercover at financial institutions. One recruitment advertisement described the job duties as being able to “establish and conduct surveillance activity to develop both intelligence and evidence to further investigation and Utilize surveillance activities to identify subjects, their activities and their associates, corroborate source information and collect evidence.”

The CFPB said that investigators may earn between $98,000 to $149,000 per year and that the recruits could be required to set up and oversee contracts with private investigators.

“Investigative work conducted by our staff will be covered by [CFPB] policies to ensure all practices comply with applicable laws and regulations and protect individuals’ privacy rights,” Moira Vahey, a CFPB spokeswoman, said, according to The Washington Times. “The investigation activities described in the posting are intended to inform our enforcement office about what consumers may experience with different financial products or services. We anticipate that the type of information gathered generally will be information available to the general public. Investigation activities like these are typical among agencies charged with civil law enforcement.”