FTC warns about pupil loan ripoffs following Supreme Court docket selection

Essential Points

The Supreme Court docket struck down the Biden administration’s student loan forgiveness approach Friday in a 6-3 ruling. Loan payments are poised to restart in Oct.
The Federal Trade Fee warned in a client inform that scammers would likely goal debtors, potentially posing as U.S. Division of Schooling personnel and featuring mortgage support.
The FTC made available strategies for borrowers to safeguard on their own.

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Finance

Photos show Altman, Iger and Cook arrive at ‘summer camp for billionaires’ in Sun Valley

July 9, 2025

Key Points Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week. The gathering is often referred to as “summer camp for billionaires.” Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were pictured entering the lodge. […]

Finance

Trump’s next Fed chair pick already comes with a credibility problem

July 9, 2025

Key Points The next Fed chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy. Trump reportedly is considering naming a “shadow chair” until the current occupant, Jerome Powell, leaves office next year, in an attempt to pressure the Fed into […]

Finance

Trump’s ‘big beautiful bill’ slashes CFPB funding: What it means for you

July 9, 2025

Key Points President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial Protection Bureau. CFPB funding would fall to 6.5% of the annual operating expenses of the Federal Reserve, down from 12%. That’s the lowest share in agency history. Consumer advocates say the funding will […]