The CFPB has compensated every employee who received a three or four out of five on performance reviews from the last two years with additional pay raises and lump sum awards, according to a spokesperson.

These employees received a total 3.73% merit salary increase as well as lump sum awards in amounts that vary based on the employee's position and performance.

While the compensation process is complete, the CFPB spokesperson was not able to disclose the total amount paid. The bureau's earlier estimate for the payouts was $5 million to $5.5 million.

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Regulatory & Compliance