From: Washington Free Beacon
CFPB booked 2,000 nights at D.C. hotels for attendees
BY: Elizabeth Harrington
The Consumer Financial Protection Bureau (CFPB) is planning an “all hands” meeting for its more than 1,300 employees at a hotel in Washington, D.C., this summer, with cost estimates nearing $400,000.
The agency will book up to 475 hotel rooms each night for a five-day conference in July. The CFPB issued a solicitation on Friday, which included an attachment with the agency’s request for hotel accommodations.
The event is billed as a “training meeting,” which will be run by its Supervision Enforcement and Fair Lending division. The division is responsible for ensuring large banks are complying with the more than 400 regulations found within the 2,300-page Dodd-Frank law.
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