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CFBP Whistleblower Reward

Bill Incentivizes Whistleblowers to Report Consumer Fraud

July 9th, 2023

U.S. Senator Catherine Cortez Masto (D-Nev.) recently introduced a bill in the Senate to authorize the Consumer Financial Protection Bureau (CFPB) to award financial compensation to whistleblowers who report wrongdoing to the CFPB. The Financial Compensation for CFPB Whistleblowers Act would encourage reporting by allowing the …