Write For Us

Bank Sues Biden Admin Over Student Loan Repayments Pause

Sponsored Post Vitamin D2 Canada Persia
51 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
SoFi Bank has sued the Biden administration to end the student loan payment pause. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.marketwatch.com/story/sofi-ceo-anthony-noto-on-suing-over-student-loan-payment-pause-im-also-protecting-our-shareholders-4b91906e?mod=home-page

"Anthony Noto, the CEO of SoFi SOFI, -0.18%, said the company decided to sue over the pause on federal student-loan payments in part to protect shareholder value.

In the weeks since filing the lawsuit earlier this month, SoFi’s leadership hasn’t said much about the decision-making process surrounding the case, which, if SoFi wins, would push more than 40 million federal student-loan borrowers back into repayment. Some customers have said the suit has them considering moving their money from the bank, and experts in corporate reputation warn it could tarnish the company’s image as a consumer-focused fintech company.

During an exchange with an analyst at a conference hosted by Bank of America BAC, -3.32% Tuesday, Noto provided some insight into how the company weighed those concerns when considering whether to file the lawsuit."

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join


SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks
TWITTER: ☞ http://www.twitter.com/TheYoungTurks
INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks
TWITCH: ☞ http://www.twitch.com/tyt

???? Merch: http://shoptyt.com

❤ Donate: http://www.tyt.com/go

???? Website: https://www.tyt.com

????App: http://www.tyt.com/app

???? Newsletters: https://www.tyt.com/newsletters/


If you want to watch more videos from TYT, consider subscribing to other channels in our network:

The Watchlist https://www.youtube.com/watchlisttyt

Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt

Unbossed with Nina Turner https://www.youtube.com/unbossedtyt

The Damage Report ▶ https://www.youtube.com/thedamagereport

TYT Sports ▶ https://www.youtube.com/tytsports

The Conversation ▶ https://www.youtube.com/tytconversation

Rebel HQ ▶ https://www.youtube.com/rebelhq

TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA


#TYT #TheYoungTurks #BreakingNews

230322__TA02StudentLoans
Category
Europe
Tags
230322__TA02StudentLoans, News, Politics
Sign in or sign up to post comments.
Be the first to comment