Financial Proteciton Bureau beigns taking Whistleblower tips

The Consumer Financial Protection Bureau (CFPB) recently announced several ways that whistleblowers can alert the Bureau to potential violations of federal consumer financial laws.

The whistleblower channels announced include an email address, This email address is being protected from spam bots, you need Javascript enabled to view it , and a toll-free "tips hotline" at (855) 695-7974.

People who submit tips through any of these channels may request confidentiality or even remain anonymous to the extent permitted by law, although providing contact information may assist the Bureau in investigating and remediating potential violations of federal consumer financial laws.

The CFPB is welcoming information about potential violators from current or former employees, contractors, vendors, and competitor companies. The Dodd-Frank Wall Street Reform and Consumer Financial Protection Act provides certain anti-retaliation protections for employees of providers of consumer financial products and services who share information regarding potential violations. Employees protected by the statute may not be terminated or discriminated against for: (1) providing information to the employer, the Bureau, or any other state, local, or federal government authority or law enforcement agency relating to a violation of federal consumer financial law; (2) testifying about a potential violation; (3) filing any lawsuit or other proceeding under any federal consumer financial law; or (4) objecting to or refusing to participate in violations of federal consumer financial laws.

Information about whistleblower tips is available at:

http://consumerfinance.gov/wp-content/uploads/2011/12/CFPB_Enforcement_Bulletin_12-15-11.pdf

If you want to discuss your rights, or if you have information relating to this investigation, please contact Finkelstein Thompson's Washington, D.C. office at (877) 3337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it .