The CFPB Honors Program is a two-year program designed to provide exceptional recent law school graduates with early, substantive opportunities to use and develop their legal skills and make a difference in the lives of American consumers. Diverse backgrounds, perspectives, and experiences are critical in carrying out our mission to serve the American consumers. The Honors Program provides CFPB with an opportunity to further advance the Bureau's diversity and inclusion.
During the program Honors Attorneys are given increasingly complex assignments designed to build their legal skills and increase their ability to support the Bureau's mission. The Honors Program also includes mentorship and both formal and informal training to enhance analytical thinking, writing, communication, and other legal skills, as well as an understanding of the Bureau's mission and work. Additionally, Honors Attorneys will also be able to rotate into a different Bureau office or other federal agency to develop additional skills. Such rotations typically last about six months.
Honors Attorneys are permanently placed in one of the following offices:
Office of Enforcement As a part of the Supervision, Enforcement, & Fair Lending Division, Enforcement is responsible for investigating potential violations of the Federal consumer financial laws and taking action to address violations where appropriate. Their work is critical to furthering the Bureau's goal of a fair marketplace for consumers.
Office of Supervision Policy As a part of the Supervision, Enforcement, & Fair Lending Division, Supervision Policy is responsible for developing supervision strategy and providing subject-matter expertise to supervision staff in connection with the various consumer financial product and service lines and compliance areas, including fair lending. Their work ensures a consistent supervisory approach with respect to different consumer financial products for both banks and non-banks across the Bureau's four regions.
Office of Regulations As a part of the Research, Markets, & Regulations Division, Regulations is responsible for developing and implementing consumer financial regulations. In addition to highly skilled attorneys preparing and finalizing consumer finance rules, they also conduct 10-year regulatory reviews, regulatory burden reviews, and disclosure waiver requests. Their work also assists in providing guidance to industry on Bureau regulations and conducting compliance tools.
Office of Fair Lending & Equal Opportunity As a part of the Office of the Director, the Office of Fair Lending & Equal Opportunity ensures federal fair lending laws, the Equal Credit Opportunity Act, and the Home Mortgage Disclosure Act are enforced and ensures fair, equitable, and nondiscriminatory access to credit for all consumers in America.
Legal Division The Legal Division, which has three program offices: (1) General Law and Ethics, (2) Law and Policy, and (3) Litigation and Oversight; is responsible for providing advice on all legal matters; reviewing documents for clearance, rulemakings, enforcement, and other policymaking projects; handling defensive, appellate, and amicus litigation; managing and overseeing responses to Congressional requests for information; and ensuring compliance with federal ethics regulations and other federal guidelines.
As an Honors Attorney, you may be:
Investigating and litigating potential unfair, deceptive, abusive, and discriminatory acts or practices or other potential violations of federal consumer financial law;
Defending Bureau rules and regulations in litigation;
Drafting appellate and amicus briefs regarding consumer financial law and other issues;
Providing analysis and advice for supervisory examinations;
Participating in complex rulemakings;
Developing policy guidance to improve industry compliance; and
Advising senior Bureau officials on various legal and policy issues, including those with general applicability to the federal government, such as labor, employment, ethics, and intellectual property.
You must meet the following requirements by the closing date of this announcement.
1. This is a position established to provide developmental experience to an employee in the Honors Attorney Program. To be eligible, applicants must be either: (1) current law students who expect to graduate before August 1, 2022, or (2) attorneys who graduated from law school after August 1, 2018, and who, at the time of appointment, will have spent no more than one year since graduating law school in a position at a for-profit organization.
Applicants must also be U.S. Citizens.
Bar Membership: Applicants who are a current member of a bar with a valid license to practice law in a state, territory of the United States, District of Columbia, or Commonwealth of Puerto Rico will be placed as an Honors Attorney into the CN52 or CN53 level positions. Applicants who are not yet a member of a bar will be placed into the CN-51 grade level as a Law Clerk, which is a term appointment Not to Exceed 14-months, until successful completion of the Bar Examination.
The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.