Probationary Employment and Regulatory Implications

This chapter examines the employment status of probationary employees in federal financial agencies, focusing on recent developments at the CFPB, FDIC, and OCC. It explores ongoing lawsuits from unions contesting terminations and the complexities surrounding civil service protections, along with the potential impact of executive orders on agency operations. The discussion also includes a survey of banking opinions on agency consolidation and the implications of shifting power dynamics between political administrations.