The new tax-sheltered savings and investment accounts will start accepting deposits this summer.

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…

The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.

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…

Her insights on financial regulations and monetary policy guided big banks and Washington policymakers.