CFPB Pay Fairness Act of 2023

This bill requires the Consumer Financial Protection Bureau (CFPB) to set employee pay rates using the standard federal General Schedule (Title 5 U.S.C. § 5332), replacing its current pay system. It directly affects all CFPB employees by mandating that their compensation aligns with the same pay scales used across most federal agencies. The key provision amends the CFPB's governing law to direct the Bureau Director to follow the General Schedule for setting and adjusting basic pay. The change takes effect 90 days after the bill is enacted.