Rate of pay for employees of the Bureau of Consumer Financial Protection

(a) In general Section 1013(a)(2) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5493(a)(2)) is amended to read as follows: (2) Compensation The rates of basic pay for all employees of the Bureau shall be set and adjusted by the Director in accordance with the General Schedule set forth in section 5332 of title 5, United States Code.. (b) Effective date The amendment made by subsection (a) shall take effect on the date that is 90 days after the date of enactment of this Act.