Since the beginning of the year, powerful financial firms that provide high-cost, short-term loans to poor Americans have blocked at least five federal investigations into their business practices, as part of a broad and aggressive...
When Congress agreed in 2018 to exclude regional banks from stricter post-crisis capital regulations, it established a two-tier banking system in the United States. One of the goals of the Federal Reserve's changes announced this...
China is promoting its 10-year-old Belt and Road Initiative as an alternative economic development model, releasing a government study that praises the initiative while ignoring concerns that it has burdened poor countries with excessive debt.
The...
Aiding fragile countries in making necessary adjustments will promote economic stability and prosperity, as well as unleash extra funding from other sources.
With high debt levels, fragmented trade, and the potential of higher-for-longer interest rates, the...
The Biden administration announced another $9 billion in student loan forgiveness on Wednesday as part of "fixes" to its debt reduction programs.
Why it matters: The relief follows the resumption of student loan payments for millions...
As part of the federal government's emergency response to the COVID-19 outbreak, all student loan payments were suspended and all interest was waived for the time being. Over the last three years, those emergency restrictions...
The Biden administration has just disclosed additional information about a student loan forgiveness proposal that is currently in the works.
The new endeavor is intended to replace the student debt relief program that was overturned by...
Wesleyan University in Connecticut announced Thursday that it will eliminate loans from its financial aid packages beginning next autumn, joining a small group of institutions that have committed to satisfying all students' demonstrated financial need.
President...
In October, millions of Americans must begin repaying their federal student loans, with monthly payments averaging hundreds of dollars. Borrowers are cutting spending, taking on extra work, and seeking for ways to reduce their monthly...
Senator Bill Cassidy (R-LA) accused the Biden administration of obstinately pushing through a new costly student loan forgiveness policy that was overturned by the Supreme Court this summer.
Cassidy, the ranking member of the Senate's Health,...
