A conversation with Greg Carmichael, chairman, president and CEO of Fifth Third Bank.
Browsing: Student loans
Greg Carmichael entered the banking industry as a mid-career technology executive, and that’s shaped his perspective on the challenges facing banks today.
The Federal Reserve and FDIC today issued an advisory on voluntary private education loan rehabilitation programs to alert banks to an amendment to the Fair Credit Reporting Act that was included in the S. 2155 regulatory reform law.
About 20 percent of the decline in young adult homeownership rates — accounting for roughly 400,000 non-homeowners — can be attributed to rising student loan debts, according to new research published yesterday by the Federal Reserve.
Outstanding household debt increased by 0.5 percent in the first quarter of 2018, rising by $63 billion to land at $13.21 trillion, the Federal Reserve Bank of New York said yesterday.
Sen. Mike Crapo (R-Idaho) tonight released a revised version of S. 2155, the bipartisan regulatory reform bill that he and four Democratic colleagues are championing.
As the Department of Education conducts the regulatory review mandated by President Trump, ABA and the Consumer Bankers Association yesterday urged the department to revisit the overly expansive final rule targeting campus bank accounts that the Obama administration finalized in October 2015.