News bites: Obama to crack down on ‘patent trolls’

Also on RegWatch:

Sen. Elizabeth WarrenElizabeth Ann WarrenOvernight Finance: Lawmakers grill Equifax chief over hack | Wells Fargo CEO defends bank's progress | Trump jokes Puerto Rico threw budget 'out of whack' | Mortgage tax fight tests industry clout Michelle Obama is exactly who the Democrats need to win big in 2020 Wells Fargo chief defends bank's progress in tense Senate hearing MORE (D-Mass.) called the nation’s rising student debt “an emergency” and “truly a crisis.”

The White House issued new sanctions on Iran’s currency and auto industry.

The Center for Science in the Public Interest called upon the government to take Ginkgo biloba off the market following studies linking the herbal supplement to cancer.

The Food and Drug Administration launched a probe into a multi-state hepatitis outbreak.

The U.S. Department of Agriculture updated its regulatory process.

The Securities and Exchange Commission hired a former white collar-litigator to serve as a key adviser to Chairwoman Mary Jo White.

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