CFPB bans Navient federal student loan servicing, issues $120M fine
Consumer Financial Protection Bureau director Rohit Chopra said the action would “close the book” on the agency’s investigation into the Sallie Mae spinout.
How the alchemy of banking helped create the modern state
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of instances in which banks teamed up with governments to create financial instruments. Early bank innovations transformed debt into bank money, allowing
The politics of payment fees: Harris, Trump and the future of interchange
Merchants and card networks have battled over interchange rates for years. How will the next president change the fight?
How the Home Loan Banks’ reform proposals fit into Harris’s housing goal
The Federal Home Loans Bank System is under pressure to fund more affordable housing and has several proposals that may work in tandem with Vice President Kamala Harris' goal of building three million new units in her first term.