Banking & Regulation Archives - The Financial Wire

Graduate hat on dollar banknotes closeup Tuition payment

The new student loan Repayment Assistance Plan launches July 1 — payments scale to AGI, drop $50 per dependent, and unpaid interest is subsidized for borrowers who pay full on time

Warren Cohen7 hours ago3 hours ago013 mins

Federal student loan borrowers with dependents and moderate incomes stand to see their monthly bills drop sharply when the Repayment Assistance Plan takes effect on July 1, 2026. Created by Public Law 119-21, which was enacted on July 4, 2025, RAP ties payments to a borrower’s adjusted gross income through a progressive percentage schedule, cuts…

Looking at the Capital One Bank at the center of Building I from 188th Street in the western half of the Fresh Meadows Place Shopping Center, at 188th Street and 64th Avenue in Fresh Meadows, Queens. The bank retains the original stone (granite?) facade from the 1949 Jamaica Savings Bank.

Capital One starts mailing $425 million in checks to 360 Savings holders July 21 — anyone who held the account between September 2019 and June 2025 qualifies automatically

joven9 hours ago3 hours ago013 mins

Millions of former and current Capital One 360 Savings account holders may receive payments from a $425 million settlement fund, with no claim form or sign-up required. The money is intended to resolve allegations that Capital One kept interest rates on its legacy 360 Savings product artificially low while promoting a newer, higher-yield account. Public…

The Federal Deposit Insurance Corporation (FDIC) in Arlington, Virginia.

The FDIC’s new “debanking” rule takes effect in 6 days — after June 9, banks can no longer close your account because of your political views

David Keller10 hours ago3 hours ago014 mins

Starting June 9, 2026, federal banking regulators will be barred from pressuring banks to shut down customer accounts based on political, religious, or social views. The rule, jointly finalized by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, strips “reputation risk” from the supervisory toolkit that examiners use when…

Parent PLUS borrowers have 28 days to consolidate — after June 30, they permanently lose every income-driven repayment plan and new loans jump to 9.07%

David Keller23 hours ago1 day ago08 mins

Families who borrowed federal Parent PLUS loans face a hard deadline: consolidate by June 30, 2026, or permanently lose access to every income-driven repayment plan. Starting July 1, new rules restrict Direct Consolidation Loans to a narrower set of repayment options, and fresh Parent PLUS borrowing will carry a 9.07% interest rate for the coming…

Travelers going through security checkpoint at airport

TSA now charges $45 to verify travelers without a REAL ID at airport checkpoints — the ConfirmID workaround clears you for 10 days but adds 30 minutes per security line

David Keller23 hours ago1 day ago08 mins

Air travelers 18 and older who show up to a TSA checkpoint without a REAL ID or another accepted form of identification now face a $45 non-refundable fee to attempt identity verification through the agency’s ConfirmID program. The charge, which took effect on February 1, 2026, buys a 10-day window of access, but only if…

Three credit cards: Visa, Mastercard and American Express.

Visa and Mastercard’s $38 billion settlement cuts merchant swipe fees by 0.1 points for 5 years — and lets stores surcharge or refuse premium consumer rewards cards

Warren Cohen1 day ago1 day ago08 mins

Millions of U.S. merchants that accept Visa and Mastercard stood to see modest relief from credit card swipe fees under a proposed settlement valued at roughly $30 billion, but a federal judge has now blocked the deal, calling it “not likely” to survive final approval. The ruling throws the future of interchange fee reform back…

three men laughing while looking in the laptop inside room

Student loan borrowers have 29 days to leave the SAVE plan — miss July 1 and the government auto-enrolls you in Standard Repayment by September

Warren Cohen1 day ago1 day ago09 mins

Federal student loan borrowers still enrolled in the SAVE plan face a hard deadline: starting July 1, servicers will begin sending notices directing them to pick a new repayment option. Those who fail to act within 90 days of receiving that notice will be automatically placed into the Standard Repayment Plan, which typically carries higher…

Back view of family hugging and admiring their home

HELOC rates fell to 7.19% in May — a 3-year low — putting the cheapest borrowing in the market against $36 trillion in tappable U.S. home equity

Warren Cohen1 day ago1 day ago09 mins

Homeowners sitting on record levels of home equity now face a borrowing environment that has shifted sharply in their favor. Average HELOC rates fell to 7.19 percent in May, reaching their lowest point in three years and making home equity lines of credit the cheapest major consumer borrowing option available. That rate drop lands against…

The FDIC’s new “debanking” rule takes effect in 7 days — after June 9, banks can no longer close your account because of your political views

David Keller1 day ago1 day ago09 mins

Bank customers who have faced account closures tied to their political beliefs or religious affiliations are about to gain a new federal protection. The FDIC and the Office of the Comptroller of the Currency finalized a rule that, according to the FDIC’s Federal Register index, takes effect on June 9, 2026, under the designation RIN…

Two diverse business people working in creative office. two people sitting and using laptop. business people and work colleagues at a busy creative office.

Affirm now reports every Pay-in-4 loan to TransUnion and Experian — and FICO’s new scoring model factors BNPL history, meaning one late installment can knock points off your credit score

David Keller1 day ago1 day ago08 mins

Millions of Americans who split online purchases into four interest-free payments now face a new reality: those small installment loans can raise or lower their credit scores. Affirm reports every Pay-in-4 loan to TransUnion and Experian, and FICO has built a scoring model that treats buy-now-pay-later (BNPL) payment history much like traditional credit. A single…

Category: Banking & Regulation

The new student loan Repayment Assistance Plan launches July 1 — payments scale to AGI, drop $50 per dependent, and unpaid interest is subsidized for borrowers who pay full on time

Capital One starts mailing $425 million in checks to 360 Savings holders July 21 — anyone who held the account between September 2019 and June 2025 qualifies automatically

The FDIC’s new “debanking” rule takes effect in 6 days — after June 9, banks can no longer close your account because of your political views

Parent PLUS borrowers have 28 days to consolidate — after June 30, they permanently lose every income-driven repayment plan and new loans jump to 9.07%

TSA now charges $45 to verify travelers without a REAL ID at airport checkpoints — the ConfirmID workaround clears you for 10 days but adds 30 minutes per security line

Visa and Mastercard’s $38 billion settlement cuts merchant swipe fees by 0.1 points for 5 years — and lets stores surcharge or refuse premium consumer rewards cards

Student loan borrowers have 29 days to leave the SAVE plan — miss July 1 and the government auto-enrolls you in Standard Repayment by September

HELOC rates fell to 7.19% in May — a 3-year low — putting the cheapest borrowing in the market against $36 trillion in tappable U.S. home equity

The FDIC’s new “debanking” rule takes effect in 7 days — after June 9, banks can no longer close your account because of your political views

Affirm now reports every Pay-in-4 loan to TransUnion and Experian — and FICO’s new scoring model factors BNPL history, meaning one late installment can knock points off your credit score

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