The loans come from the Indiana Residential Infrastructure Fund — a revolving-loan fund created by statute three years ago to support housing development through low-interest municipal loans.
Read More
Today, about 1 in 5 federal student loan borrowers are in default, meaning they are more than nine months behind on their payments.
Read More
Federal Reserve Chair Kevin Warsh on Wednesday navigated a series of thorny questions from senators without providing many specifics.
The guidance is intended to remind banks and other financial institutions of their know-your-customer requirements with respect to credit risk management, particularly as it relates to borrowers who are not authorized to work in the U.S.
The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down.
Artificial intelligence stocks have swung sharply in recent weeks on worries that their prices have risen too high.
With high inflation hurting Trump’s popularity, the Republican president has tried to get more Americans to focus on their 401(k) investments.
A report shows the growth in planned giving after death has outpaced overall growth in philanthropic giving.
A key question facing new Federal Reserve Chair Kevin Warsh is whether he will have to raise rates in the next few meetings to underscore his commitment to fighting inflation.
The Supreme Court on Monday said the Federal Reserve, unlike any other agency in Washington, has a measure of independence from the presidency and day-to-day politics.
The Supreme Court on Monday dramatically expanded presidential power, upholding President Donald Trump’s firings of the heads of independent federal agencies with one important exception: the Federal Reserve.
Along with doubling the number of Community Center branches, the bank plans to hire an additional 150 employees, known as community managers, and provide additional programming at these locations.
The stress test applies only to the nation’s most systematically important banks, those whose failures would bring significant turmoil to the financial system.
Accounting firm KPMG has named a new executive to lead its Indianapolis office following Managing Partner Eric Sutphin’s retirement.
Thousands of people who were eligible to receive Indiana retirement benefits hadn’t yet applied for them, the initiative found.
Greenspan maneuvered the United States through two decades of stunning prosperity, but his decisions contributed to the near-collapse of the economy shortly after he left office
Warsh, like many economists, thinks the financial markets have become too dependent on Fed guidance, and that such direction is more effective in financial crises or economic downturns.
The discount could result in savings of hundreds or thousands of dollars over the lifetime of a student loan.
It’s a sharp change from March, when no policymakers penciled in a hike and the committee as a whole forecast one cut in 2026.
The stock market’s recent run has contributed the most to the consolidation of wealth at the top, as well as rising real estate prices.
Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Federal Reserve at a challenging time.
The $75 billion in proceeds easily topped the previous record initial public offering from oil giant Saudi Aramco in 2019.
