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Stacy Cowley
Posts
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs
As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children
The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
Record Number of Student Loan Borrowers Are in Delinquency and Default
Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal…
Banking Regulators Prepare to Loosen Post-Crisis Capital Rules
The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.
Banking Regulators Plan to Ease Some Capital Requirements
The Federal Reserve and other financial regulators will soon release proposals to loosen some planned rules on how much capital banks must hold in reserve…
Karen Petrou, Influential Fiscal Policy Analyst and Critic, Dies at 72
Her insights on financial regulations and monetary policy guided big banks and Washington policymakers.