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Student advocates want private lenders out of new program

Nov. 28, 2008
A $200-billion federal consumer-lending plan shouldn't benefit private providers of student loans, several groups tell Treasury Secretary Henry Paulson. Student advocacy groups are urging the Treasury Department to prevent a new $200-billion consumer-lending program from benefiting private...
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Bailout to get first official critique

Bailout to get first official critique

WASHINGTON, Dec. 2 (UPI) -- One of three oversight mechanisms for the $700 billion Emergency Economic Stability Act kicks into action in Washington Tuesday.

UPI NewsTrack Business

U.S. markets mixed Friday ... Home equity threatened by identity theft ... Student advocates unhappy with bailout ... Sales give consumers the edge ... News from United Press International.

'Predatory' credit card lending targeted

WASHINGTON, Nov. 28 (UPI) -- Curbs on predatory credit card lending could be part of the deal for banks accepting low-rate U.S. Treasury loans to prop up their portfolios, analysts say.

Student advocates unhappy with bailout

WASHINGTON, Nov. 28 (UPI) -- Student advocacy groups warned U.S. Treasury Secretary Henry Paulson Jr. that a new program to support private student loans could hurt borrowers.
Fed to ease consumer credit

Fed to ease consumer credit

WASHINGTON, Nov. 25 (UPI) -- The U.S. Federal Reserve Board said Tuesday it would create a new program to help investors purchase credit card-, student- and auto-loan backed securities.
Paulson: No timetable on TARP funds

Paulson: No timetable on TARP funds

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no timetable for asking Congress for access to the rest of the $700 billion emergency bailout package.
Paulson: No magic bullet for the economy

Paulson: No magic bullet for the economy

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so.

Spellings promotes access to student loans

WASHINGTON, Nov. 20 (UPI) -- The U.S. Education Department is working to ensure student access to federal loans during the financial crisis, Secretary Margaret Spellings said Thursday.

FDIC has plan of its own for homeowners

WASHINGTON, Nov. 14 (UPI) -- The Federal Deposit Insurance Corp. has come up with a $24.4 billion plan of its own for helping as many as 1.5 million distressed U.S. homeowners.

Treasury eyes credit-focus bailout

WASHINGTON, Nov. 13 (UPI) -- U.S. officials charged with pulling the country out of its financial malaise say they're working on a credit-focused plan aimed at thawing consumer credit.

Bailout shifts from buying to investing

WASHINGTON, Nov. 12 (UPI) -- The federal government backed off a plan to buy toxic mortgages, U.S. Treasury Secretary Henry Paulson said Wednesday, favoring a program of investment.

Bank regulators reviewing guidance plan

WASHINGTON, Nov. 11 (UPI) -- U.S. banking regulators are firming up a guidance plan that would dictate rules for banks participating in the federal financial bailout plan, sources said.

Education Dept. acts on student loans

WASHINGTON, Nov. 8 (UPI) -- U.S. Education Secretary Margaret Spellings said Saturday steps were being taken to assure student loans would be available for the 2009-2010 school year.

Departments work to assure student loans

WASHINGTON, Oct. 10 (UPI) -- The Bush administration is working to ensure the student loan market is viable during the U.S. financial crisis, the Treasury and Education departments said.
Treasury secretary says he'll act quickly

Treasury secretary says he'll act quickly

WASHINGTON, Oct. 3 (UPI) -- U.S. Treasury Secretary Henry Paulson said he will work quickly but deliberately to implement the authorities he has under the financial markets rescue plan.
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Youngsters compete in Scripps National Spelling Bee
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Contestants (L-R) Cooper Barth of West Long Branch, New Jersey, Eboseremhen Eigbe of Galloway, New Jersey, Jacob Bayly Hunter of Sante Fe, New Mexico and Massound Sharif of Albany, New York, all await their turns to compete during the 3rd round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. UPI/Mike Theiler