May 22, 2018

This graduation season, think back to what’s changed in 10 years

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The House is set to take up a bill today dialing back parts of Dodd-Frank, the law regulating banks after the financial crisis. The bill, which has already passed the Senate, would change mortgage lending requirements and raise the threshold…

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Expectations run into reality after graduating during the recession

May 22, 2018
Financial damage can be lasting, several studies suggest.
Dan Kitwood/Getty Images

The House is set to take up a bill today dialing back parts of Dodd-Frank, the law regulating banks after the financial crisis. The bill, which has already passed the Senate, would change mortgage lending requirements and raise the threshold at which banks will be officially big, or “systemically important financial institutions,” if you want to get technical. We’ll start off by telling you everything you need to know, and we’ll also look at the rotating deck chairs on the American CEO cruise ship. Plus, speaking of the recession, we’ll look at what it’s like to graduate into one. The damage can last well after the economy recovers, and some young professionals never catch back up. (05/22/2018)