Citigroup Drove Puerto Rico Into Debt. Now It Will Profit From Privatization on the Island. – The Intercept

One of the same banks that drove the Puerto Rico Electric Power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup Global Markets Inc., or Citi, will be the main investment bank consultant in the restructuring and privatization of PREPA, the Washington-appointed Fiscal Control…

Virginia may create ombudsman to help with student debt – Virginia Gazette

RICHMOND Virginia legislators are seeking to mitigate the personal and economic consequences of their constituents student loan debt by creating a state-level ombudsman to troubleshoot problems and educate borrowers regarding college loans. In 2017, more than 1 million Virginians owed more than $30 billion in student loan debt, state officials say. Nationally, student loan debt…