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WASHINGTON – The Occupational Safety and Health Administration today issued a final
rule establishing procedures for handling whistleblower retaliation
complaints under the Consumer
Financial Protection Act of 2010.
Section 1057 of the
CFPA protects employees against retaliation for reporting potential violations
of consumer financial protection laws to their employer, Consumer Financial
Protection Bureau or any other law enforcement or regulatory agency.
"Whistleblowers
serve as a check on the government and business, shining a light on illegal,
unethical, or dangerous practices that otherwise may go uncorrected,” said Assistant
Secretary of Labor for Occupational Safety and Health Dr. David Michaels. “This
final rule protects employees of private financial institutions and businesses
who stand up for what is right when the integrity of our financial system is
being threatened.”
This final rule
establishes procedures, burdens of proof, remedies and statutes of limitations
similar to other whistleblower protection statutes that OSHA administers. The
rule implements statutory requirements created by Congress and creates no new
obligations for employers or employees.
OSHA enforces the
whistleblower provisions of 22 statutes protecting employees who report
violations of various workplace, commercial motor vehicle, airline, nuclear,
pipeline, environmental, railroad, public transportation, maritime, consumer
product, motor vehicle safety, health care reform, corporate securities, food
safety and consumer financial reform regulations. Additional information is
available at http://www.whistleblowers.gov.
Under the
Occupational Safety and Health Act of 1970, employers are responsible for
providing safe and healthful workplaces for their employees. OSHA’s role
is to ensure these conditions for America’s working men and women by
setting and enforcing standards, and providing training, education and
assistance. For more information, visit www.osha.gov.
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