CFPB Announces Pilot to Promote Consumer Savings

By | CFPB Monitor | December 16, 2014
CFPB Announces Pilot to Promote Consumer Savings

Through its Project Catalyst, the CFPB’s initiative for facilitating innovation in consumer-friendly financial products and services, the CFPB has announced a new research pilot using insights from behavioral economics and an American Express trial program to evaluate the effectiveness of certain practices to encourage prepaid card users to develop regular saving behavior. 

Second Circuit Rules for Defendants in Landmark Insider Trading Case

By | The D&O Diary | December 16, 2014
Second Circuit Rules for Defendants in Landmark Insider Trading Case

In the following guest post, Susanna Buergel, Charles Davidow, Andrew Ehrlich, Brad Karp, Daniel Kramer, Richard Rosen and Audra Soloway, all of whom are litigation partners at Paul, Weiss, Rifkind, Wharton & Garrison LLP who are members of the Firm’s Securities Litigation Practice group explain the significance of the Second Circuit’s decision United States v. Newman.

One Way to Shorten the Hunt for the Proceeds of Bribery and Corruption

By | The Ethical Investigator | December 15, 2014
One Way to Shorten the Hunt for the Proceeds of Bribery and Corruption

Bribing foreign public officials used to be legal in the entire developed world. It was first outlawed by the U.S. by the Foreign Corrupt Practices Act in 1977, but this law was never robustly enforced until about 2005. As for the rest of the developed world, it wasn’t until 1999 that the OECD agreed on a convention that asked member countries to pass into the law something like the FCPA.