August 31, 2023
Tech Shifts Student Loan Conversation From Loans to Installment Payments
In the wake of the Supreme Court’s decision to block the federal student loan forgiveness plan, many of Generation Z’s recent college graduates will make their first student loan repayment...
August 31, 2023
Financial Education Can Help Subprime Consumers Triple Borrowing Capacity
In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But as noted in the report...
August 30, 2023
Businesses Offering Student Loan Help to Gain Recruitment Edge
Businesses are increasingly hoping to get a leg up in the recruitment of new graduates by offering a relatively rare benefit: paying off student loans. According to a report by...
August 29, 2023
CFPB Director Rohit Chopra Says FDIC Proposal Is ‘Somewhat Weird’
The Federal Deposit Insurance Corp. (FDIC) should review two aspects of its proposed rule to reduce the risk around large bank failures. So said Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB)...
August 29, 2023
FDIC Wants Regional Banks to Issue $70 Billion in Fresh...
In the spring, two formerly obscure acronyms, SVB and FDIC, became household names. That’s because after SVB (Silicon Valley Bank) collapsed due to a structurally weakened balance sheet, compounded by a panic-induced bank...
August 29, 2023
Confidence Dips as Inflation Weighs on Consumers’ Minds
Inflation is top of mind for consumers, and is contributing to a muted outlook of where things stand — and where we are headed. The Conference Board said in a...
August 29, 2023
The EU Foreign Subsidies Regulation – A New Chapter for...
The Foreign Subsidies Regulation, applicable as of July 12, 2023, gives the European Commission broad powers to tackle subsidies provided by non-EU countries that distort the EU’s internal market. It...
August 28, 2023
Luxury Retailers Neiman Marcus and Saks Fifth Avenue Discuss Potential...
Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business,...
August 28, 2023
Debate Heats Up in Germany Over Electricity Price State Aid
The German government coalition finds itself divided over the issue of whether to provide subsidies for electricity prices to energy-intensive industries, such as the chemical and steel sectors. Even Chancellor...
