News bites: Texas fertilizer plant’s hazards eluded regulators for decades

The latest on RegWatch:

The Food and Drug Administration received the green light to collect information about chemicals used by tobacco companies.

The Federal Trade Commission moved to eliminate duplicative fuel efficiency labels on vehicles.

The Internal Revenue Service overpaid $13.6 billion in low-income tax credits.

A former prosecutor was tapped to head the Securities and Exchange Commission’s enforcement division.

Ralph Lauren paid regulators $1.6 million to settle Argentinian bribery case.