The Bureau of Consumer Financial Protection ("CFPB") issued a proposal to expand the disclosure of complaint data on its Web site to include "unstructured consumer complaint narrative data." Currently, the CFPB discloses certain complaint data it receives regarding consumer financial products and services on its web-based, public-facing Consumer Complaint Database. The proposal would expand these disclosures to narrative information rather than the limited information it now publishes about complaints. The CFPB stated that only those narratives for which "opt-in consumer consent had been

In a new court filing on July 16, 2014, the SEC disclosed that it expanded an insider trading investigation into the U.S. House Committee on Ways and Means, as well as a top staffer, to include forty-four (44) investment funds and other entities. The 44 investment funds are all clients of Height Securities LLC, a research firm that allegedly sent its clients an e-mail outlining a change in government health-care policy shortly before the government announced the change. See: SEC Opposition to Motion to Dismiss.

The SEC announced that it named Mark J. Flannery as Chief Economist and Director of its Division of Economic and Risk Analysis ("DERA"). The DERA provides interdisciplinary analysis to help inform the SEC's policymaking, rulemaking, enforcement and examinations. Mr. Flannery, who will replace Craig M. Lewis in September, is a finance professor at the University of Florida's Warrington School of Business Administration. See: Press Release.

In response to the June 23, 2014 order from the U.S. District Court for the District of Columbia (the "Court"), the CFTC, as well as SIFMA, ISDA and the Institute of International Bankers (the "Associations"), submitted supplemental briefs to the Court regarding (i) shareholder standing and (ii) interpretive rules in the lawsuit against the CFTC's Cross-Border Guidance. According to the Associations' supplemental brief, an association has standing to challenge government action "when at least one of its members has standing, the interests it seeks to protect are germane to the organization's

The SEC is soliciting public comment on the proposed collection of certain information regarding whistleblower submissions. Generally, the SEC is seeking comment on: whether the proposed collection of information is necessary for the proper performance of the functions of the SEC, including whether the information will have practical applicability; the accuracy of the SEC's estimate of the burden of the proposed collection of information; ways to enhance the quality, usefulness and clarity of the information to be collected; and ways to minimize the burden of the collection of information on