
Big banks set aside billions as they brace for a downturn
The country’s largest lenders increased their reserves to protect against deteriorating economic conditions this year, after reporting resilient profits for the end of last year.
The country’s largest lenders increased their reserves to protect against deteriorating economic conditions this year, after reporting resilient profits for the end of last year.
A rule change planned for early next year would shift liability for some Zelle losses onto the banks, not their customers.
A federal appeals court ruled Wednesday that the leading financial regulator has been unconstitutionally funded since its creation more than a decade ago.
Around 200,000 former students who attended schools that they said defrauded them will have $6 billion in federal loans canceled under a sweeping settlement announced...
Federal law requires banks to reimburse customers for unauthorized electronic transfers, but they often refuse, stranding victims.
Before payments restart — which is scheduled for September — the Education Department plans to restore all 7.5 million borrowers with defaulted loans to good...
Zelle, the payments platform, is a popular target of scammers. But banks have been reluctant to make fraud victims whole — despite owning the system.
A deal between 39 states and Navient would erase $1.7 billion in private student loans, but thousands who made their payments on time will still have...