Last week, the White House hosted a Summit on Financial Capability and Empowerment addressing the gap between our complex financial marketplace and consumers’ knowledge about them—or lack thereof. Our CEO and President Nan J. Morrison was among the industry leaders invited to attend the conference, at which several important announcements were made. David Nelms, CEO [...]
With each new report, statistic and news story, it is apparent today’s students are graduating college with an alarming amount of student debt. The latest data from the Department of Education shows ninety-four percent of students who earn a bachelor’s degree are borrowing to pay for it, up from 45 percent in 1993. This article [...]