Friday, 25 Sep 2009 | Source: The Associated Press
Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers.
Thursday, 18 Jun 2009 | Source: The Associated Press
The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.
Investors appear to be more willing to participate in a U.S. Federal Reserve program aimed at reviving consumer and business lending, and demand for the program appears to picking up, Federal Reserve Chairman Ben Bernanke said in a letter to a lawmaker released on Friday.