News and updates

New York Times — The nation’s largest private student lender, Sallie Mae, is cleaving itself into two companies — a move that will create a new home for more than $100 billion ofstudent loans amid broad concerns from federal authorities and consumer advocates that graduates hobbled by debt are increasingly falling behind on their payments.

NY Daily News — Talk about kicking someone when they’re down. Hundreds of New York City homeowners hurt by Hurricane Sandy are about to get hit by another blow — the sale of their tax liens to debt collectors, the Daily News has learned.

WNYC’s All Things Considered — William Easterling and his wife used to own 165 Forbell Street, a two-family home in Brooklyn on the border of Cypress Hills and Ozone Park. The couple raised their four kids there. But they haven’t lived there in almost 20 years.

Bloomberg Business News — Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.

ABC4 Utah — For the first time in more than decade California based Wells Fargo held its shareholder’s meeting out of state in Salt Lake City. Critics say they are trying to run from opposition, so the protestors followed them here to Utah.