What we are reading.

On December 17, 2014, the Consumer Financial Protection Bureau (“CFPB”) announced that it had filed a lawsuit against a telecommunications carrier, alleging that the carrier was allowing third-party merchants to place unauthorized charges on customers’ phone bills. This is not the first time a federal regulator has taken action against similar practices; nor is it the first sign of CFPB interest in the practice. However, this lawsuit represents a major development in the mobile payments field because it is the first time the CFPB has attempted to use its authority to prohibit unfair, deceptive or abusive acts or practices (“UDAAP”) to pursue an entity based on allegations regarding these practices.

Articles on international finance, the Volcker Rule, SEC Whistleblower complaints, etc.

Venable LLP alert: CFPB and DOJ Teaming Up on Enforcement and Other CFPB Updates.

Recent CFPB Updates on Medical Debt, Credit Cards, Student Debt, Consumer Savings, Debt Relief, and Debt-Settlement Firms.

Goodwin Procter's Weekly News Roundup. October 29, 2014.

Dechert LLP legal update: U.S. Risk Retention Final Rule: Playing it Forward for CLOs

Morrison & Foerster on clearing derivatives in the EU.

Money Market Funds - Focus Shifts to Europe

The Bretton Woods Transcripts, edited by Center for Financial Stability (CFS) Senior Fellow Kurt Schuler and CFS Research Associate Andrew Rosenberg, offer the reader a front row seat at the conference that has shaped the international monetary system for nearly 70 years. The Bretton Woods Transcripts were never intended for publication, and give an inside perspective of what participants at this major international gathering said behind closed doors.

The Transcripts reveal an untold story from World War II, as well as the vision of luminaries such as John Maynard Keynes, future presidents, prime ministers, and other world leaders. Despite a war still waging in 1944, delegates from 44 nations worked tirelessly in Bretton Woods, New Hampshire to construct a financial system that would promote growth, minimize global imbalances, and foster stability

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By Thomas H. Stanton

By Gretchen Morgenson and Joshua Rosner

By: Enrico Moretti

By Edward Conard

By Bethany McLean and Joe Nocera

By Carmen M. Reinhart and Kenneth Rogoff

By Roger Lowenstein

By John Mauldin and Jonathan Tepper

By Henry M. Paulson

By Michael Lewis

By Gregory Zuckerman

By David Wessel

Edited by Robert Kolb

By Gillian Tett

By Andrew Ross Sorkin

By William Bonner and Addison Wiggin

By Gary H. Stern, Ron J. Feldman,