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Validation of Examiner Commissioning Test and Case Studies for CFPB

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CFP-17-R-00013Federal

Contract Overview

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AI Contract Overview

The Consumer Financial Protection Bureau (CFPB) plans to issue a solicitation in late July or early August 2017 to procure services for the validation of its Examiner Commissioning Test, with a 15-day open period and an award expected by September 2017. This initiative supports CFPB’s mission, established under the Dodd-Frank Act, to supervise financial institutions and promote compliance with consumer financial protection laws. The contract focuses on validating the multiple-choice test and case study used in the Examiner Commissioning Program (ECP), which equips examiners with the necessary training and credentials to become Commissioned Examiners. These assessments evaluate candidates’ proficiency in consumer financial laws, regulations, and the operational aspects of financial institutions. The contractor will be required to perform validation services in accordance with established standards such as the Uniform Guidelines on Employee Selection Procedures and other recognized testing and assessment principles, ensuring legal defensibility. The contract calls for highly qualified psychometricians with a minimum of five years of relevant experience, including at least one PhD holder. Services are to be provided within the Washington, DC area. The solicitation is classified under NAICS code 611710 for Educational Support Services, encompassing test development and evaluation, with a corresponding PSC code of U008. The point of contact for the solicitation is Vanessa del Toro.

General Info

CFPB seeks psychometrician contractor to validate Examiner Commissioning Test by September 2017 award.

Agency

N/A

NAICS

611710 - Educational Support Services

Place of Performance

Contracting Office address: 1700 G Street NW, WASHINGTON, DC, 20552, USA

Set-Aside

NONE

Documents

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Timeline

PhasePresolicitation

PostedJul 6

Presolicitation

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Organization & Contact Information

AgencyN/A

Contacts1 person available

OfficeN/A

Organization / Agency

N/A

Office AddressN/A

Contacts

Vanessa del Toro

contact@example.gov

Full Description

CFPB expects to issue a solicitation in late July/early August 2017 to procure services for validation of its Examiner Commissioning Test. The solicitation will be open for 15 days after release. Award is expected in September 2017. On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"), which created the Consumer Financial Protection Bureau (CFPB). Under the Act, part of CFPB's mission is to supervise institutions to foster compliance with consumer financial protection laws to promote a fair and non-discriminatory consumer financial marketplace. The CFPB supervision function is staffed with examiners requiring various degrees of training. Inexperienced examiners will need training, known as the Examiner Commissioning Program (ECP), to understand the business operations of financial institutions they will be examining, the consumer financial laws and regulations enforced by the CFPB. Once an examiner has completed the ECP, the examiner earns the title of Commissioned Examiner. The final steps in earning a commission are a multiple choice test and a case study. Accordingly, CFPB seeks a contractor to validate the examiner Commissioning Multiple-Choice Test and the Examiner in Charge (EIC) Case Study, both of which ensure candidates for commissioning demonstrate proficiency in the curriculum covered by the ECP. The Contractor shall perform services under this contract that conform to the standards established by the Uniform Guidelines on Employee Selection Procedures (UGESP) and other professional standards related to testing and assessment (e.g., the Principles for the Validation and Use of Personnel Selection Procedures, The Standards for Educational and Psychological Testing), and shall be legally defensible. Key Personnel are Psychometricians with minimum five years' related expereince, at least one of whom shall have a PhD. Services shall be provided at locations TBD within the Washington DC Area. Associated NAICS is 611710, Educational Support Services, which includes test development and evaluation services. PSC code is U008.

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