The House Financial Services Committee has passed a bill that would for the first time set forth what was required for proof, in some ways making cases easier. Source: NYT > Business – Peter J. Henning
As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans. Source: NYT > Business – BRIAN M. ROSENTHAL
White Collar Watch: Do Companies Fear the Law? The Signs Say No
Numerous corporations have been fined in recent years for misconduct. The question is whether the large penalties deter bad behavior. Source: NYT > Business – PETER J. HENNING
PG&E Says S.E.C. Is Investigating Its Wildfire Disclosures
The California utility disclosed in a filing that securities regulators are looking into how it disclosed and accounted for losses from fires in recent years. Source: NYT > Business – IVAN PENN
Kraft Heinz Picks New C.E.O. as It Faces Weak Sales and S.E.C. Inquiry
The food giant said Miguel Patricio, an Anheuser-Busch InBev veteran, would succeed Bernardo Hees as chief executive, signaling a potential shift away from years of cost-cutting. Source: NYT > Business – REUTERS
White Collar Watch: Elizabeth Warren Wants to Make It Easier to Prosecute Executives
The key question is whether the legislation she has proposed is the best means to police corporate leaders. Source: NYT > Business – PETER J. HENNING