PayPal, which owns Venmo, is the target of what one group of analysts described as a “lowball” offer from Stripe, another payment processor, and Advent, a private equity firm.
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
A new filing asks a federal court to allow the White House to dismiss much of the Consumer Financial Protection Bureau’s remaining work force, but not close the bureau entirely.
Recently released data from the Education Department showed that by the end of last year, 7.7 million borrowers had defaulted on $181 billion in federal student loans.