Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) introduced the Financial Compensation for CFPB Whistleblowers Act to authorize the Consumer Financial Protection Bureau (CFPB) to award financial compensation to whistleblowers who report wrongdoing to the Consumer Bureau. The bill is cosponsored by Senators Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Dick Durbin (D-Ill.), Jeff Merkley (D-Ore.), and Bernard Sanders (I-VT). Companion legislation is being introduced in the U.S. House of Representatives by Congressman Al Green (D-Texas-09).
“Whistleblowers play a critical role by reporting wrongdoing and fraud schemes targeting our communities,” said Senator Cortez Masto. “This legislation will protect these individuals, making it easier for them to come forward and for us to go after anyone taking advantage of vulnerable Nevadans.”
“Whistleblowers are essential to our democracy,” said Senator Brown, Chairman of Senate Committee on Banking, Housing, and Urban Affairs. “Whistleblowers risk their career and their reputation to reveal corruption and bad actors seeking to exploit consumers and our government. We must do more to protect whistleblowers so they feel safe coming forward to expose corporate malfeasance. This legislation does just that by protecting whistleblowers from retaliation and incentivizing them to come forward with their information.”
“I am proud to reintroduce the Financial...
Tehran – Saba: The Iranian Foreign Ministry condemned the subversive actions taken by the rulers of Abu Dhabi against the Islamic Republic of Iran. Last night, Tasnim News Agency reported that the...