The Hurdles for Banks After Guilty Pleas

In the elite world of multibillion-dollar Wall Street banks, the U.S. Department of Labor rarely looms large. That changed this week. The agency will play a key role in determining whether five megabanks that pleaded guilty to criminal charges can effectively participate in the $7 trillion pension fund market.

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    By Mike Sacks

    The Senate debates the NSA's collection of Americans' call records as the authorizing provision of the Patriot Act prepares to sunset. It's again that time of year to read the SCOTUS tea leaves for any hint about how the justices will rule in the everyone-is-watching cases. And meet Brando, that friendly dog at the D.C. federal trial court who is sniffing for bombs. This is a roundup of news from ALM and other publications.

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    By Zoe Tillman

    Brando, an explosives detection dog for the U.S. Marshals Service, is the first canine in the program assigned to protect the federal courts in D.C. since 2002.

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Regulation

  • The Hurdles for Banks After Guilty Pleas

    By Jenna Greene

    In the elite world of multibillion-dollar Wall Street banks, the U.S. Department of Labor rarely looms large. That changed this week. The agency will play a key role in determining whether five megabanks that pleaded guilty to criminal charges can effectively participate in the $7 trillion pension fund market.

  • Why the CFPB Found PayPal's Conduct 'Abusive'

    By Jenna Greene

    When are a company's actions not just unfair and deceptive, but also abusive? A new case against PayPal Inc., which will pay $25 million to settle charges that the company illegally signed up consumers for unwanted credit, sheds light on a murky legal standard created by the Dodd-Frank Act.

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