SLM Holding Corp. announced Thursday that it is unlikely to issue
The Reston, Va.-based company, better known as Sallie Mae, said
Sallie Mae buys student loans from banks and then packages them into
Students are expected to borrow $35 billion in 1998.
Jon Veenis, president of the student loan division of Minneapolis-based
But if the company avoids the market for several quarters, it would have
That, in turn, could ultimately lead to an educational credit crunch,
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
