Money Laundering: U.S. prosecutors accused a Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks, Reuters reports.
Debt Collectors: Federal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to the Washington Post.
No Haters: Facebook Inc. plans to bolster efforts to keep hate speech off its pages amid complaints the site allowed content that encouraged violence against women, prompting companies to suspend advertisements, Bloomberg reports.
Stepping Down: The dean of Harvard College, Evelynn M. Hammonds, announced on Tuesday that she will step on July 1. She came under fire for searching the e-mail accounts of resident deans in an effort to find who leaked information regarding a cheating scandal, CNN reports.
Volcker Rules: Former Federal Reserve Chairman Paul Volcker plans to begin a foundation called the Volcker Alliance, aimed at improving how government works at the local, state and federal levels, The New York Times reports.
Train Crash: Federal investigators plan to spend the coming days piecing together what caused a chemical-carrying CSX train to collide with a garbage truck, derail and explode at a rail crossing in suburban Baltimore, the Associated Press reports.