Employees of the Consumer Financial Protection Bureau have elected the National Treasury Employees Union to become the first labor group to represent them, the union announced Friday.
The Federal Labor Relations Authority, which oversees such elections, has confirmed the results. Agency spokeswoman Sarah Spooner said the authority expects to certify the outcome early next week.
About 81 percent of the CFPB workers who took part in the election voted in favor of representation by NTEU, while the rest indicated they did not want union representation. Voting took place between April 22 and May 9.
The election makes the NTEU the first labor group to represent the roughly 800 employees of the CFPB, which is less than two years old.
“I am very pleased that CFPB employees have chosen NTEU as their representative, and we look forward to developing an effective working relationship with agency management on behalf of employees,” said NTEU president Colleen M. Kelley.
Congress and President Obama created the CFPB when they approved the Dodd-Frank financial-reform act in response to the financial crisis that began in 2008. The agency oversees consumer-protection regulations, particularly those involving mortgages, credit cards and student loans.
With the election complete, the NTEU plans to set up a new chapter, elect officers and begin the process of bargaining an initial contract with the agency, according to a news release from the union.
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