3.0.0 2775 2023-03-08T20:12:35Z 2023-03-08T20:12:35Z Senate S 2021-09-21 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-09-21T16:53:00Z Financial Compensation for CFPB Whistleblowers Act 117 5484 HR 2021-10-05 Referred to the House Committee on Financial Services. Related bill CRS CFPB Whistleblower Incentives and Protection Act 117 5714 HR 2021-10-25 Referred to the House Committee on Financial Services. Related bill CRS 2021-09-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-09-21 Introduced in Senate IntroReferral 10000 9 Library of Congress C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2021-09-21 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2021-09-21 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2021-09-21 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2021-09-21 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2021-09-21 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2021-09-21 True Finance and Financial Sector Finance and Financial Sector 00 2021-09-21 Introduced in Senate 2022-02-14T16:14:21Z Financial Compensation for CFPB Whistleblowers Act

This bill requires the Consumer Financial Protection Bureau to provide rewards to whistleblowers who report information relating to a violation of consumer financial law resulting in certain monetary sanctions exceeding $1 million. Specifically, the bureau must award compensation to whistleblowers for 10%-30% of the collected penalties. In cases where the bureau collects less than $1 million in penalties, the bureau must award any single whistleblower 10% of the amount collected or $50,000, whichever is greater. The bill also sets forth requirements regarding the legal representation of a whistleblower and provides for confidentiality regarding the whistleblower's identity.

]]> Financial Compensation for CFPB Whistleblowers Act Official Title as Introduced A bill to amend the Consumer Financial Protection Act of 2010 to provide for whistleblower incentives and protection. Introduced in Senate IS Display Title Financial Compensation for CFPB Whistleblowers Act Short Title(s) as Introduced Financial Compensation for CFPB Whistleblowers Act Introduced in Senate IS Introduced in Senate 2021-09-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2775is/xml/BILLS-117s2775is.xml 2021-09-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.