STACY COWLEY

Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.

The ruling adds to the legal obstacles the president faces in his plan to cancel up to $20,000 per borrower in federal student loan debt.

A federal appeals court temporarily halted President Biden’s debt relief plan, preventing the government from moving forward with the debt cancellation it had said could...

The Education Department said it was “beta testing” a form that it intends to use to eliminate millions of federal student loans.

Elizabeth Warren’s analysis of fraud and scam complaints on the payment network found that banks at times violate a federal consumer protection law.

A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.

The company was accused of illegally paying doctors to prescribe its drugs over those of its rivals.

Experts worry that aspects of President Biden’s debt relief plan could lure unscrupulous schools and unknowing students.

Around 200,000 who sought relief after attending schools that the Education Department said showed signs of “substantial misconduct” will have their federal student loans wiped...

The Education Department said it would wipe out the debts of 560,000 borrowers who had enrolled in the for-profit college chain, which collapsed in 2015.