Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. In your inbox this week: the Supreme Court’s decision on the Consumer Financial Protection Bureau’s constitutionality (or lack thereof) ripples through pending enforcement cases; white-collar prosecutions take a nosedive in the Trump era; Dechert guides brokerage firm to nearly $40 million settlement.

Thanks for reading, and we’d love your feedback. Contact C. Ryan Barber in Washington at [email protected] and at 202-828-0315. Follow @cryanbarber.