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President Joe Biden vowed Friday to pursue an alternative path to broad federal student loan forgiveness after the U.S. Supreme Court struck down a plan that would have wiped away tens of millions of student borrowers' debts using a Bush-era law.
The U.S. Supreme Court ruled Friday that the Biden administration overstepped its authority with its plan to forgive more than $400 billion in federal loans held by millions of Americans, delivering a massive blow to one of President Joe Biden's most ambitious policies.
The U.S. Supreme Court ruled Friday that the Biden administration overstepped its authority with its plan to forgive more than $400 billion in federal loans held by millions of Americans, delivering a massive blow to one of President Joe Biden's most ambitious policies.
A California federal judge ruled Wednesday that Bank of America NA must face part of a proposed class action from customers who say the bank has unlawfully refused to reimburse them and others for fraud perpetrated over Zelle, the bank-owned instant payment platform.
U.S. Sen. Elizabeth Warren called Tuesday for a check-in from top Biden administration regulators on where they stand with efforts to strengthen bank merger oversight, saying she's concerned that two of them have gone wobbly after the failures of Silicon Valley Bank and other regional lenders.