Reporter Raquel Camila

  President Biden is in a difficult position on student loans ahead of the midterms, as pressure builds from borrowers and Democrats for widespread cancellation. Adding to the pressure is a key deadline: On May 1, millions of borrowers will have to pay unless a freeze on federal student loan payments put in place during the pandemic is extended. Biden has been called on to extend the freeze until the next year — beyond the midterms. But advocates for forgiveness, along with key Democrats, want more than another freeze. “We’ve been saying for years now that we need to keep payments on pause until we cancel student debt,” said Natalia Abrams, president and founder of the Student Debt Crisis Center (SDCC). Read More : https://thehill.com/news/administration/3256761-biden-faces-rising-pressure-on-student-loans-with-deadline-looming/

Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams, a Trump appointee, resigned Friday amid a   power struggle   with Democratic members of the agency’s board. In a letter to  President Biden  released Friday,  McWilliams announced  she would step down from the FDIC on Feb. 4, less than four years after she was confirmed by the Senate to lead the bank regulator. McWilliams’ unexpected resignation came weeks after Democratic directors on the FDIC board attempted to launch a review of bank merger standards  without her approval . While McWilliams ostensibly controlled the FDIC board, she was the sole Republican countering three Democratic directors: Former FDIC Chairman Martin Gruenberg, Consumer Financial Protection Bureau Director  Rohit Chopra  and Acting Comptroller of the Currency Michael Hsu. Jelena McWilliams In  a op-ed  for the Wall Street Journal, McWilliams denounced the Democratic directors for launching “a ...