Page 1 of 2

FTC vs. CFPB?

Posted: Sat Nov 05, 2016 10:32 am
by Anonymous User
Hey all,

I have summer offers to work in the CFPB and FTC's bureau of consumer protection. Anyone have any input on which one would be better for litigation experience as a new attorney?

Re: FTC vs. CFPB?

Posted: Sat Nov 05, 2016 10:42 am
by Genius
My firm litigated against CFPB many times before and they are pretty badass. It looks like you would get great lit exp. Zero idea on the FTC.

Re: FTC vs. CFPB?

Posted: Sat Nov 05, 2016 11:19 am
by A. Nony Mouse
Better for what?

Re: FTC vs. CFPB?

Posted: Sat Nov 05, 2016 11:22 am
by Anonymous User
A. Nony Mouse wrote:Better for what?
Good point. Edited for clarity.

Re: FTC vs. CFPB?

Posted: Sat Nov 05, 2016 12:23 pm
by Nebby
CFPB, most definitely. Plus, if you can hustle and get a job offer, they are paid on the SEC scale (!!!) instead of the GS scale

Also, CFPB is made up of 4 divisions (if I remember correctly), one of those (I think enforcement) is where the majority of litigation occurs

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 10:58 am
by Quichelorraine
The CFPB is indeed badass. It is probable, however, that it would not be long for this world in a certain political climate. You may want to delay your decision for, oh, a few more days.

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 12:49 pm
by jarofsoup
CFPB is the better choice. The consumer protection regs are not going anywhere even if the CFPB does.

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 1:03 pm
by Anonymous User
Does CFPB do its own litigation? I thought DOJ would litigate for them. As a general matter, "enforcement" divisions in fed agencies only do administrative enforcement, not in-court litigation (with some exceptions like DOL).

FTC Consumer Prot I'm pretty sure litigates though.

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 1:21 pm
by Anonymous User
CFPB has independent litigating authority as well.

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 2:53 pm
by lapolicia
Anonymous User wrote:Does CFPB do its own litigation? I thought DOJ would litigate for them. As a general matter, "enforcement" divisions in fed agencies only do administrative enforcement, not in-court litigation (with some exceptions like DOL).

FTC Consumer Prot I'm pretty sure litigates though.
All of the financial regulatory agencies do their own civil litigation (both administrative and in court).

Re: FTC vs. CFPB?

Posted: Sun Nov 06, 2016 8:16 pm
by Anonymous User
Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.

Re: FTC vs. CFPB?

Posted: Mon Nov 07, 2016 4:03 pm
by Anonymous User
lapolicia wrote:
Anonymous User wrote:Does CFPB do its own litigation? I thought DOJ would litigate for them. As a general matter, "enforcement" divisions in fed agencies only do administrative enforcement, not in-court litigation (with some exceptions like DOL).

FTC Consumer Prot I'm pretty sure litigates though.
All of the financial regulatory agencies do their own civil litigation (both administrative and in court).

Good to know.

Re: FTC vs. CFPB?

Posted: Mon Nov 07, 2016 9:43 pm
by Anonymous User
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Look like the CFPB only brought 24 admin and 5 fed actions this year. I'm not sure about the FTC, but that should say something about how active they are.

Re: FTC vs. CFPB?

Posted: Mon Nov 07, 2016 10:29 pm
by zot1
Anonymous User wrote:
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Look like the CFPB only brought 24 admin and 5 fed actions this year. I'm not sure about the FTC, but that should say something about how active they are.
That's actually quite a bit for one year.

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 12:35 pm
by Anonymous User
zot1 wrote:
Anonymous User wrote:
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Look like the CFPB only brought 24 admin and 5 fed actions this year. I'm not sure about the FTC, but that should say something about how active they are.
That's actually quite a bit for one year.
In the same period FTC brought 16 admin and 44 fed actions, soooo

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 12:42 pm
by zot1
Anonymous User wrote:
zot1 wrote:
Anonymous User wrote:
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Look like the CFPB only brought 24 admin and 5 fed actions this year. I'm not sure about the FTC, but that should say something about how active they are.
That's actually quite a bit for one year.
In the same period FTC brought 16 admin and 44 fed actions, soooo
Oh my god! No way! Lol.

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 12:48 pm
by Anonymous User
zot1 wrote:
Anonymous User wrote:
zot1 wrote:
Anonymous User wrote:
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Look like the CFPB only brought 24 admin and 5 fed actions this year. I'm not sure about the FTC, but that should say something about how active they are.
That's actually quite a bit for one year.
In the same period FTC brought 16 admin and 44 fed actions, soooo
Oh my god! No way! Lol.
I mean, laugh all you want. I'm just saying. The question was about litigation experience and there's no doubt the FTC does more fed work.

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 12:58 pm
by A. Nony Mouse
Number of actions is also a function of number of attorneys. If the FTC has more attorneys the number of actions they bring doesn't mean any one attorney necessarily gets more experience.

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 7:39 pm
by Anonymous User
Hi, did you get an offer for the legal honors/pathways FTC program?

Re: FTC vs. CFPB?

Posted: Tue Nov 08, 2016 8:02 pm
by Anonymous User
I interviewed with the FTC and they made it seem like litigation was minimal.

Re: FTC vs. CFPB?

Posted: Wed Nov 09, 2016 1:35 am
by Anonymous User
Nebby wrote:CFPB, most definitely. Plus, if you can hustle and get a job offer, they are paid on the SEC scale (!!!) instead of the GS scale

Also, CFPB is made up of 4 divisions (if I remember correctly), one of those (I think enforcement) is where the majority of litigation occurs
Technically they're on the Fed Reserve scale, with Fed Reserve retirement benefits, which tend to be better than SEC.

Re: FTC vs. CFPB?

Posted: Wed Nov 09, 2016 1:35 am
by lapolicia
Yeah you should go to the FTC after tonight.

Re: FTC vs. CFPB?

Posted: Wed Nov 09, 2016 1:36 am
by lapolicia
Anonymous User wrote:I interviewed with the FTC and they made it seem like litigation was minimal.
It depends entirely on the division. In antitrust it's minimal but in consumer protection there's actually a good amount, especially in the regional offices.

Re: FTC vs. CFPB?

Posted: Wed Nov 09, 2016 1:37 am
by Anonymous User
A. Nony Mouse wrote:Number of actions is also a function of number of attorneys. If the FTC has more attorneys the number of actions they bring doesn't mean any one attorney necessarily gets more experience.
^This. Plus, as someone who works for a Financial regulator, I don't really see a difference between administrative lit and fed courts lit. The investigation side is the same --- docs + depos. On the lit side, the motions practice is similar, and basically its the difference between a bench trial and a jury trial at the end of the day.

Re: FTC vs. CFPB?

Posted: Wed Nov 09, 2016 1:39 am
by Anonymous User
Anonymous User wrote:Check out their entry-level hiring, if your goal is eventually to get in at one of them. I know FTC Bureau of Competition has a specialized hiring program for law students, but I haven't heard of anything regarding their entry-level hiring in Consumer Practices. CFPB Enforcement hires one or two a year straight out of law school, and they're the best of the best. If your goal is firm, go CFPB - firms are really interested in people with any experiences because it's so new.

Anon because ex gov't.
Honestly, I don't know why you'd want to go to a firm. Usually, people at a firm are trying to get into an enforcement position. In any event, what really matters is the experience you get at an agency. Develop an interesting portfolio and area of expertise, and you'll be marketable to a firm, regardless of which agency you choose.