Financial Regulatory Forum

Obama lashes out at U.S. banks over student loans

September 21, 2009

Obama lashes out at U.S. banks over student loansTROY, 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.

U.S. financial regulators stake out turf defenses

July 24, 2009

U.S. Treasury Secretary Timothy GeithnerBy 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

July 21, 2009

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…)