Banking & Regulation Archives - Page 14 of 19

Federal Deposit Insurance Corporation (FDIC) (52367658071)

The FDIC’s debanking rule takes effect June 9 — banks can no longer close your account because regulators don’t like your industry or politics

David Keller4 weeks ago4 weeks ago013 mins

For years, the pattern played out the same way. A firearms dealer in Mississippi would open a business checking account, operate it without incident, and then receive a letter saying the bank was ending the relationship. No overdrafts. No fraud. No explanation beyond a vague reference to “risk.” Cryptocurrency firms, tobacco retailers, adult entertainers, and…

New York Stock Exchange in Manhattan Finance district. View of the building in the sky

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

Vince Coyner4 weeks ago4 weeks ago015 mins

A firearms dealer in Georgia loses his business checking account. A cryptocurrency startup in Wyoming gets dropped by three banks in six months. A faith-based foster care agency in Texas is told its views on marriage make it too risky to bank. None of them broke the law. All of them were swept up in…

man holding and reading book while standing inside library

Student loan borrowers have 55 days to pick a new repayment plan — miss the July 1 deadline and you get auto-enrolled in the most expensive option

Warren Cohen4 weeks ago4 weeks ago014 mins

About 7.5 million federal student loan borrowers are still technically enrolled in the SAVE repayment plan, a plan the U.S. Department of Education now calls “unlawful” and has moved to kill. Starting July 1, 2026, loan servicers will begin mailing notices that force a decision: choose a new repayment plan within 90 days of receiving…

Hands counting money from a wallet over papers.

High-Yield Savings Accounts Still Advertise 4% APY — but Capital One, Marcus, and Synchrony All Quietly Cut Their Rates This Month

David Keller4 weeks ago4 weeks ago012 mins

If you have a high-yield savings account at Capital One, Marcus by Goldman Sachs, or Synchrony, your interest rate likely dropped this month. You probably were not told. All three banks lowered the annual percentage yields on their flagship savings products in May 2026, according to rate changes reflected on their websites. Capital One’s 360…

Group of multietnic students hugging on their graduation day at university, copy space. Education, qualification and gown concept.

Student Loan Borrowers Have 55 Days to Pick a New Repayment Plan — Miss the July 1 Deadline and You Get Auto-Enrolled in the Most Expensive Option

Warren Cohen4 weeks ago4 weeks ago015 mins

A federal student loan borrower carrying $80,000 in debt who gets auto-enrolled in the government’s new default repayment plan could pay roughly $30,000 to $50,000 more in total interest over the life of the loan than a borrower who actively chooses an income-driven alternative. That is the gap at stake for millions of people who…

Senior beautiful woman with a piggy bank

High-yield savings accounts are quietly dropping below 4% — Capital One, Marcus, and Synchrony all cut rates even though the Fed hasn’t moved

David Keller4 weeks ago4 weeks ago012 mins

If you have been earning 4% or better on your savings without thinking much about it, check your account. That number has probably slipped. As of late May 2026, three of the most popular online savings accounts in the country have trimmed their rates below the 4% APY threshold that became a benchmark for rate-conscious…

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

David Keller4 weeks ago4 weeks ago015 mins

If you run a gun shop, a crypto startup, or a faith-based nonprofit, you may have experienced something that never shows up on a bank statement: your account quietly closed, your application denied, no real explanation given. Starting June 9, 2026, a new federal rule is designed to stop that from happening, at least when…

Graduates toss caps in the air celebrating

Student loan borrowers have 57 days to pick a new repayment plan — or get auto-enrolled in the most expensive option

Warren Cohen4 weeks ago4 weeks ago015 mins

A borrower earning $40,000 a year with $50,000 in federal student loans could go from paying nothing each month to owing more than $500, practically overnight, if they miss a fast-approaching deadline. That is the reality facing roughly 8 million people who were enrolled in the SAVE repayment plan before the U.S. Department of Education…

picture of stressed student with computer at home

Student loan borrowers have 57 days to pick a new repayment plan or get auto-enrolled in the most expensive option — here’s what to do

David Keller4 weeks ago4 weeks ago014 mins

Roughly 7.5 million federal student loan borrowers are about to face a decision that could reshape their monthly budgets for years. The U.S. Department of Education has declared the SAVE repayment plan unlawful and is winding it down. Starting July 1, 2026, loan servicers will begin notifying SAVE enrollees that they must choose a replacement…

Us dollar bills and a calculator on blue background

High-yield savings accounts still pay 4.1% — but Capital One, Synchrony, and Marcus all quietly cut rates this week

David Keller4 weeks ago4 weeks ago010 mins

If you have a high-yield savings account at Capital One, Synchrony, or Marcus by Goldman Sachs, your rate likely dropped in the final days of May 2026, and your bank almost certainly didn’t send you a heads-up. Capital One’s 360 Performance Savings fell to 4.05% APY from 4.15% as of May 30, 2026, according to…

Category: Banking & Regulation

The FDIC’s debanking rule takes effect June 9 — banks can no longer close your account because regulators don’t like your industry or politics

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

Student loan borrowers have 55 days to pick a new repayment plan — miss the July 1 deadline and you get auto-enrolled in the most expensive option

High-Yield Savings Accounts Still Advertise 4% APY — but Capital One, Marcus, and Synchrony All Quietly Cut Their Rates This Month

Student Loan Borrowers Have 55 Days to Pick a New Repayment Plan — Miss the July 1 Deadline and You Get Auto-Enrolled in the Most Expensive Option

High-yield savings accounts are quietly dropping below 4% — Capital One, Marcus, and Synchrony all cut rates even though the Fed hasn’t moved

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

Student loan borrowers have 57 days to pick a new repayment plan — or get auto-enrolled in the most expensive option

Student loan borrowers have 57 days to pick a new repayment plan or get auto-enrolled in the most expensive option — here’s what to do

High-yield savings accounts still pay 4.1% — but Capital One, Synchrony, and Marcus all quietly cut rates this week

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