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State perspective here in california, that feels like federal government, the federal government control over a lot of these scrair various local jurisdiction. steve: then the irs seem to wage a war on small business as well. >> we talked about how the new irs agents would not affect anyone makings less than $400 thousand, that is not the case with the restaurant industry, there is a sum of irs agents that have been allocated to retro actively go after server's tips, people who don't make more than 75 to 100 thousand a year. if they under report their tips, the irs agencies will audit them and...

I put this question to two of our legal experts who are here with us today. both were veteran prosecutors who have seen this both from a federal and a state perspective. can either of you walk through us -- walk us nonlawyers through this part of these charges >> you want me to take a crack >> you go ahead. >> okay, the first thing to note is that the statute in new york that says you can bump this up to a felony requires that you have an intent to commit some other crime. you don't actually have to commit that crime. so that's why you wouldn't necessarily need to charge it and that's somethin...

>> straurner, i appreciate your time. thank you. perspective from two criminal defense attorneys, and joey jackson. joey, how long do you expect an investigation to take? the u.s. attorney for the western district, i think it was, of tennessee, said that the federal civil rights investigation will be methodical, in his word, and also thorough. >> it will take as long as necessary in order to get to the facts. remember there's two things that are happening. the first thing is that the state certainly has an obligation and a responsibility for those that live there to provide facts, to evaluat...

Bad news does not improve with age. the quicker you get it out there, deal with consequences, the better. >> you speak with authority on this, former police chief here in washington, d.c., as well as a police commissioner in philadelphia. joey, the police officers have been fired. we're learned one of them was a defendant in a lawsuit over alleged inmate beatings. what impact might that have on this investigation? >> i think it will be significant. it may give you some insight into who the officer was. does it represent who he -- how he comports himself and goes about his business with regard ...

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry...