Bill > HR5714

This bill, the CFPB Whistleblower Incentives and Protection Act, amends the Consumer Financial Protection Act of 2010 to provide incentives and protection for whistleblowers who report violations of federal consumer financial laws to the Consumer Financial Protection Bureau (CFPB). The key provisions include: defining a whistleblower as an individual who provides original information about a violation, requiring the CFPB to pay awards of 10-30% of monetary sanctions collected in successful enforcement actions resulting from whistleblower information, prohibiting the CFPB from disclosing a whistleblower's identity, and allowing the CFPB to share whistleblower information with other government agencies. The bill also amends the Consumer Financial Civil Penalty Fund to allow for payments of these whistleblower awards.