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April

17
2024
Trends

Banks Report Lending Slows as Corporate Borrowers Pay Down Debt

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday.

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April

17
2024
Industry News

Biden-Harris Administration Releases First Set of Draft Rules to Provide Debt Relief to Millions of Borrowers

The Biden-Harris Administration today released its first set of draft rules that propose to provide student debt relief for tens of millions of borrowers across the country. These plans were announced last week by President Biden in Madison, Wisconsin.

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April

17
2024
Industry News

Maine Legislature splits on bills designed to rein in burden of medical debt

Seeking to address what has become a pressing issue for nearly half of Mainers, several bills were introduced this session to combat medical debt. However, the Maine Legislature split on the measures, approving one but sinking another.

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April

17
2024
Industry News

NATIONAL CREDIT UNION FOUNDATION LAUNCHES ONLINE COURSE

MADISON, Wis., April 16, 2024 /PRNewswire/ -- The National Credit Union Foundation (the Foundation) is pleased to announce the launch of Exploring Our Values, an engaging, self-guided online course that connects individual purpose and values with the credit union movement.

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