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New Scrutiny of Goldman’s Ties to the New York Fed After a Leak (NYT)
The leak has led to questions regarding the conflict of interest that arises when people advise the same banks they used to regulate, write Jessica Silver-Greenberg, Ben Protess, and Peter Eavis.
Are Financial Whistleblowers Worth It? Study Says Yes – to the Tune of $21.27bn (The Guardian)
Jana Kasperkevic reports on a new study that proves the value of financial whistleblowers. Rewards encourage whistleblowers to step up, and companies in such cases pay heavier penalties.
Loan Servicer Busted for Backdating, But Foreclosure Victims Say Shenanigans Haven’t Stopped (In These Times)
Ocwen Financial has admitted to a “glitch” involving back-dated loan modification letters, but Joel Sucher says the slow work to fix the problem follows familiar patterns.
Lenders Shift to Help Struggling Student Borrowers (WSJ)
Annamaria Andriotis reports on the plans of two major private student loan providers to lower interest rates, extend repayment periods, and modify loans.
Why It’s So Hard for Millennials to Find a Place to Live and Work (The Atlantic)
Derek Thompson explains that cities that provide the best opportunity for economic mobility and cities that have affordable housing hardly overlap at all today.
New on Next New Deal
Roosevelt Institute Senior Fellow Richard Kirsch argues that Democrats who focus on economic policies that emphasize fairness (which are the best ones for economic growth) will succeed.
Roosevelt Institute | Campus Network Leadership Director Kevin Stump proposes a new program to support homeless youth in achieving their college goals.