01-21-2017, 10:33 AM
Or the opposite view, he suspended a planned cut in fees for govt backed loans, a fee that funds an emergency fund to cover defaults. With the reasoning that the fund is currently only at 16% above its minimum required value. Not that I agree with govt backed loans such as that; but cutting that fund didn't sound like a good idea. Also, it needed to be done ASAP as the cut was going to go into effect next week.