Millions of people are set to lose Covid-19 pandemic-era benefits this fall – specifically, the student loans payment pause, child care provider stabilization funds, the suspension of work requirements for food stamps and continuous Medicaid coverage.
The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
Bank of America was fined $250 million this week by US federal regulators for allegedly harming customers by double-dipping on fees, withholding credit card rewards and opening fake accounts.