Hard as Senate Republicans try to prevent the new Consumer Financial Protection Bureau from fully doing its job, you got to hand it to the agency for doing what it can.
The CFPB now says it wants to hear from whistleblowers with information about those violating federal consumer protection laws. The agency now is taking tips by email at whistleblower@cfpb.gov and via phone at (855)695-7974. Next year, it will launch a way to turn in a wrongdoer on its website.
You can ask that your identity be kept confidential. You can submit a tip anonymously. Though in the latter case, the bureau says, giving your contact information could help the investigation.
This is the latest effort by the agency to fulfill its mission to protect consumers. Senate Republicans, who want reduce the agency’s potential power, has blocked the appointment of a director. If the Senate fails to vote-in a director, the bureau’s influence is more limited. For instance, it can’t regulate payday lenders.