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Consumer Financial Whistleblower Incentives and Protection Act.

This act establishes a program to reward and protect individuals who report violations of consumer financial law. Citizens can receive a portion of recovered funds if their information leads to successful enforcement actions against companies. This aims to encourage reporting of fraud and unfair practices, potentially enhancing financial security for everyone.
Key points
Whistleblowers reporting consumer financial law violations can receive 10% to 30% of collected monetary sanctions, up to $5 million.
Information must be original and not previously known to the Bureau to qualify for an award.
The act protects whistleblower identity unless disclosure is required in a public proceeding.
Awards are denied to individuals involved in the violation or those who provide false information.
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Status:
Expired
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Additional Information
Print number: 118_HR_2490
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2023-04-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CFPB Whistleblower Incentives and Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2490.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-06.

What are the main provisions?

Key points include:

  • Whistleblowers reporting consumer financial law violations can receive 10% to 30% of collected monetary sanctions, up to $5 million.
  • Information must be original and not previously known to the Bureau to qualify for an award.
  • The act protects whistleblower identity unless disclosure is required in a public proceeding.
  • Awards are denied to individuals involved in the violation or those who provide false information.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Emmer, Tom [R-MN-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy