Opponents of Sallie Mae's bid to acquire the state's student loan agency began running radio ads aimed at fending off the hostile takeover. The campaign by the Coalition to Preserve Access to Higher Education comes as Sallie Mae executives are meeting this week with legislative leaders to convince them to override the board of Pennsylvania Higher Education Assistance Agency, which flatly rejected the $1-billion takeover offer. The radio ads will run for two weeks and call on listeners to contact their lawmakers and tell them to "say no" to Sallie Mae.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3