The heads of the most powerful banks in the nation and perhaps in the world met with President Obama on Wednesday to discuss the government shutdown and the looming debt ceiling debate. The banking titans expressed grave concern and the damage Washington’s ineptitude was having on the health of the American economy with some estimates saying it was costing us $300 million a day.
Life insurers volunteered to give consumers facing COVID-19 financial hardship 90 days to pay their bills.
The draft interpretations could affect mortgage loans and premium grace periods.
Brian Schroeder, the current chairman, will keep a 'significant ownership position.'
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