On September 12th, the US Department of Education released the official FY 2009 cohort default rates on student loans. The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008.
When Representative Luis Gutiérrez, a liberal member of the House Financial Services Committee, heard over the weekend that President Obama had nominated Richard Cordray to head the Consumer Financial Protection Bureau, he wasn’t sure what to think. Not because he was unsure about Cordray’s record—Gutiérrez just didn’t know who he was.
TALLAHASSEE -- Florida will have fewer early voting days, and voters will have a harder time updating their registrations at the polls, under a fiercely debated elections bill that Gov. Rick Scott signed into law on Thursday.