Currently, there is no whistleblower reward program, and sanctions collected in CFPB enforcement actions do not qualify for SEC whistleblower awards. CFPB requested to establish a rewards program to strengthen the CFPB’s enforcement of consumer financial protection laws.
Watch out who you're friending on social media, as it might be a debt collector. See: Debt-Free Future What To Do and Say When Debt Collectors CallFind: Expert Tips To Fix Your Credit on a Limited.
The Consumer Financial Protection Bureau's new ruling took effect on Tuesday, allowing debt collectors from collection agencies to text borrowers and send a direct message on their social media to seek repayment for unpaid debts.
New rules approved by the CFPB clarify how debt collectors can use email, text messages, social media, and other contemporary methods to communicate with consumers.