WASHINGTON – In a significant development for consumer advocacy and financial regulation, Enova International, one of the nation’s most prominent nonbank lenders, has officially withdrawn its controversial application to acquire Grasshopper Bank. The decision marks a major roadblock for the “rent-a-bank” business model, in which predatory lenders attempt to leverage national bank charters to bypass…
WASHINGTON, D.C. — September 15, 2026 — In a significant development for consumer protection advocates, Enova International, one of the nation’s most prominent online lenders, has officially withdrawn its application to acquire Grasshopper Bank. The move signals a major setback for the "fintech-to-bank" pipeline that has long been criticized for attempting to bypass state-level consumer…
Main Facts The landscape of higher education financing is undergoing a profound structural shift. For students and families entering the private student loan market, the process can feel overwhelming, characterized by a dizzying array of interest rates, repayment terms, and qualification criteria. To help mitigate this confusion, many colleges and universities are pointing students toward…
