The federal student loan portfolio isn’t an attractive asset
The Trump administration’s plan to shift $1.6 trillion in student loans could include a sale to a private buyer. If that’s the case, any potential purchaser has some serious due diligence to undertake.
US economy’s first-quarter decline revised to 0.2% from 0.3%
Growth in consumer spending was revised down, but estimates for imports and business investment were raised.
What Trump’s latest GSE comments could mean for mortgages
Analysts awaiting specifics on the “implicit guarantee” for Fannie Mae and Freddie Mac are split on whether mortgage rates and guarantee fees could rise.
Navy Federal’s credit play, Coinbase outage and more banking tech news
Navy Federal Credit Union’s partnership with Bloom Credit, a data breach at Coinbase and other tech news draw attention from bankers going into June.
Cancel all debts, a new book recommends
What if the guiding narrative of 2,000 years of human history was a slow march toward the worship of money? A new book by Paul Vigna argues that we could fix this problem if we declared an old-fashioned jubilee and simply erased all debts.
The CFPB plans to kill the 1033 rule. Open banking lives on
Banks sued the Consumer Financial Protection Bureau last year to stop the 1033 open banking rule from taking effect. Now the Trump administration plans to kill the rule.
Tariffs raised costs for 7 in 10 large US firms: Survey
According to a new survey from HSBC, 72% of American corporations have seen their operating costs increase due to the Trump administration’s new tariffs.
FOMC minutes reveal disagreement on possible tariff impacts
During its meeting last month, some members of the Federal Reserve’s monetary policy committee expressed concern about persistent supply-chain disruptions while others were confident price growth would be constrained.
Nubank’s Under-18 accounts teach kids financial basics
The Brazilian neobank expanded its bank accounts for minors with new features in 2024 by adding high-yield savings “boxes” and expanding parental controls.
Fed survey: BNPL use ticks up, late-payment rate jumps
U.S. households were financially sound last year, but the Federal Reserve’s annual well-being report highlighted a few emerging trends, including rising buy now/pay later delinquencies and incidents of financial fraud.