Legal Blog

Compensation and Compliance Matters: More Whistleblower Cases against Lenders Ahead?

The U.S. Attorney General is pressing congress to change legislation that caps whistleblower awards at 1.6 million dollars under the Financial Institutions Reform Recovery Enforcement Act to encourage additional reports and assistance in the prosecution of claims against financial institutions. According to the U.S. Attorney General, risky behavior by financial institutions is on the upswing and by encouraging more complaints and whistleblowers it will enable the government to deter future violations.

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If you have any questions please contact Ari Karen at:

Bank Manager Reimbursementsakaren@offitkurman.com  | 240.507.1740

Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide.

Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

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