Economy Feb 06

Payday loans shop Photo by Steve Rhodes/Flickr
Financial watchdog to gut its payday lending rules

Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."…

Aug 27

Nation’s top student loan official resigns

The government's top official overseeing the $1.5 trillion student loan market resigned in protest today, citing what he says is the White House's open hostility toward protecting the nation's millions of student loan borrowers.