Midweek Roundup: Lawmakers Propose Bill to Alter Regulatory Settlements, Spanish Princess Accused of Money Laundering, and More

U.S. Sens. Elizabeth Warren (D-MA) and Tom Coburn (R-OK) introduced a bill Wednesday that would require federal financial regulators to disclose when the settlements they impose for compliance violations are tax deductible, explain why they chose to keep some settlements confidential and compile statistics on such secret deals. More Spain's Princess Cristina and her husband, former Olympic handball player Inaki Urdangarin, are accused of tax fraud, money laundering and embezzling $8 million in public funds that were later funneled a through charitable organization Urdangarin founded, Reuters said Tuesday. More Separately, Spain's Supreme Court upheld a fine against Gibraltar-based Jyske Bank...