U.S. Student Loan Office Gets New Rules and a New Chief
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The Bush administration, fending off criticism that it has failed to provide adequate oversight to the student loan industry, proposed regulations yesterday that would prohibit lenders from showering universities with gifts to drum up business.
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The Utah Department of Financial Institutions, in cooperation with the Utah Consumer Lending Association, has produced a new brochure, "Consumer Guide to Payday Lending." The brochure provides information about payday loans, along with consumers' rights and legal obligations.
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The body that decides who will set accounting rules in the United States plans on Tuesday to propose changes aimed at enabling the Financial Accounting Standards Board to act faster.
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Credit card companies would have to disclose interest rates and fees in clearer, easier-to-understand language under proposed new consumer-protection rules that could take effect by year-end.
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Democrats in Congress are pushing to overhaul the nation's student loan system with legislation that would cut federal subsidies to lending companies by as much as $19 billion, channel most of those savings to student aid and ease repayment rules for borrowers.
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On the heels of a student loan scandal, some higher education officials have called a conferenceâs format deeply troubling.
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The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices.
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The Vatican issues new guidelines on the creation of saints to make the process more rigorous.
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Some progress is being  made to modify home loans to borrowers with poor credit  histories but more work by regulators and industry is needed, a  senior U.S. banking regulator said on Thursday.
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Bank regulators have agreed on new standards for subprime mortgage loans and are prepared to release it Friday, several sources familiar with the matter said Thursday.
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The change was significant, given Americaâs traditional influence over the presidency and policies of the bank.
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New York Attorney General Andrew Cuomo said on Wednesday he has widened his investigation of the student loan industry to include underwriting standards, and urged Congress to legislate a clean-up of the industry, including the fast-growing private loan market.
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Jeannette Wing, who on July 1 takes over a key role at the National Science Foundation, sees big trouble in the way the U.S., private industry and users do basic research.
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The Bush administration issued broad new rules Wednesday overhauling the guidelines for managing the nation&#39;s 155 national forests and making it easier for regional
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The nationâs oldest private commercial bank will announce Tuesday that it has appointed Douglas A. Donahue Jr. as its new managing partner, the equivalent of a chief executive.
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The University of Turku started Monday updating the skills of immigrant dentists to meet Finnish requirements.
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The Pentagon has added new procedures to ensure that senior officials seeking employment in industry abide by the rules governing post-government work.