Regulators Prowl for Financial Firms That Wield NDAs to 'Muzzle' Whistleblowers - Law.com
Non-disclosure agreements "send a message that reporting violations outside the company is wrong—this adds to the culture of silence the whistleblower laws are designed to prevent," said Stephem Kohn, founding partner of Kohn, Kohn, & Colapinto.
August 06, 2024 at 11:55 AM
4 minute read
The Consumer Financial Protection Bureau has sent a warning to the financial services industry: You retaliate against a whistleblower, and you’re playing with fire.
That was the message the CFPB recently delivered in a circular for regulators and law enforcement agencies.
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