Federal student loan interest is set to resume in September, with payment suspensions set to expire not long afterward. President Biden's Department of Education told FOX Business that pandemic-related suspensions on federal student loans are now set to expire after months of speculation. "Student loan interest will resume starting on September 1, 2023, and payments will be due starting in October," the Department of Education told multiple outlets this week. "We will notify borrowers well...

The Federal Deposit Insurance Corporation (FDIC) is seeking to reform its deposit insurance system in the wake of recent instability at multiple U.S. banks. FDIC, a state-owned corporation responsible for insuring commercial and savings banks, is proposing three possible restructuring plans for future operations. "The recent failures of Silicon Valley Bank and Signature Bank, and the decision to approve Systemic Risk Exceptions to protect the uninsured depositors at those institutions, raised...

North Korea is seeking to make a deal with Russia exchanging its glut of weaponry for much-needed food supplies, according to U.S. security officials. National Security Council (NSC) coordinator John Kirby made the assertion Thursday during a press conference. "We remain concerned that North Korea will provide further support to Russia's military operations against Ukraine," Kirby said. "As part of this proposed deal, Russia would receive over two dozen kinds of weapons and munitions from...

The Federal Trade Commission has ordered Mastercard to end a set of business practices intended to force competitors to use its proprietary payment network. According to the FTC, the world's second-largest payment-processing corporation intentionally blocked vendors' abilities to route ecommerce transactions through third-party payment networks such as virtual wallets. This, the commission alleges, violates a provision in the 2010 Dodd-Frank Act which mandates banks allow vendors a choice of...