TROY, N.Y., Sept 21 (Reuters) – President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.
Speaking at a community college in Troy, N.Y., he singled out in particular banks that have received bailout money from the federal government, saying they want to maintain the status quo on student loans because they get an “unwarranted subsidy” from it.
Obama lashes out at U.S. banks over student loans
U.S. financial regulators stake out turf defenses
By Kevin Drawbaugh
WASHINGTON, July 24 (Reuters) – Senior U.S. financial regulators defended their turf in remarks to be delivered on Friday at a congressional hearing on the Obama administration’s sweeping regulatory reform agenda. (more…)
U.S. House panel backs Obama student loan overhaul
By Kevin Drawbaugh
WASHINGTON, July 21 (Reuters) – The $92-billion U.S. college student loan market would be fundamentally reshaped under a bill approved on Tuesday by a congressional committee, which sent the measure on to the full House of Representatives. (more…)
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