Author: Brian Lund
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Ohio’s higher January wage reaches only businesses above $420,000 in yearly receipts
Ohio’s minimum wage will be $11.40 an hour on January 1, 2027, but that figure is not owed to every hourly worker in the state. The Ohio Department of Commerce says it applies to employers with annual gross receipts of more than $420,000. Workers at businesses at or under that line, and 14- and 15-year-olds…
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Nano Banc’s sole branch reopened as a Sunwest branch the next business day after it failed
Nano Banc had one branch, and between the closure on Friday, September 25, 2026, and the opening of business the following Monday, no customer could walk into it. On Monday, September 28, the same branch reopened under a different name: Sunwest Bank, the Utah institution that took over Nano Banc’s deposits. By the calendar that…
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A federal benefit recipient with no bank account can take a Direct Express card
A federal benefit recipient with no bank account can take a Direct Express card instead. Treasury states it plainly: the Direct Express Debit Mastercard “is a way to get your federal benefits, even if you do not have a bank account.” The card exists because federal law generally requires benefits to arrive electronically, and a…
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Direct Express charges 85 cents for each U.S. ATM withdrawal once the free ones are used
Direct Express, the prepaid card that carries Social Security, Supplemental Security Income and veterans payments for people without a bank account, charges 85 cents for each ATM withdrawal in the United States once the free withdrawals are used up. A free withdrawal is not a monthly allowance. It is earned one deposit at a time,…
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New Jersey’s long-term-care direct care wage floor rises to $19.48 on January 1, and the small-employer rate goes to $16.25
New Jersey wrote its nursing-home and assisted-living pay floor as a gap, not a number: direct care staff in long-term care facilities must earn at least $3.00 an hour more than the state minimum wage. That is why the floor lifts by exactly as much as the general rate on January 1, 2027, rising 56…
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Medicaid coverage for adults 19 to 64 will hinge on 80 hours a month of work, or $580 in monthly earnings, once states put the rule in place, generally by January 1, 2027
January 1, 2027 is the date by which states must generally have Medicaid’s new work rule running, but it is a ceiling for states and not a starting line for every enrollee. Some states are already ahead of it, others may win more time, and the federal court that was asked to stop the rule…
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Virginia’s minimum wage climbs from $12.77 to $13.75 on January 1, and Michigan’s tipped cash wage rises to $6.30
A tipped server in Michigan paid the lowest cash wage allowed in 2026 earns $5.49 an hour from the employer and has to make up the other $8.24 in tips to reach the state floor of $13.73. On January 1, 2027, the cash wage steps up to $6.30 and the floor to $15.00, which leaves…
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Navy Federal’s proposed settlement would cancel the disputed loans, request deletion of the credit entry and refund every payment made, with no claim form for any of it
Navy Federal Credit Union has agreed to cancel certain personal loans that members say were opened by fraudsters, to ask the credit bureaus to delete the related credit reporting, and to return every payment those members made on the loans. None of that requires a claim form. A federal court in Norfolk, Virginia has granted…
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Equifax settlement objections and opt-outs close November 27, a month before the December 28 claim deadline, with the final approval hearing set for January 22
Anyone who wants out of the Equifax credit-reporting class action, or wants to object to it, has until November 27, 2026, and the claim deadline for everyone who stays in is December 28, 2026. The settlement resolves claims that a coding problem in March and April 2022 caused Equifax to report altered credit scores to…
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Delaware mailed more than $1.2 million in unclaimed property checks to approximately 10,000 owners matched through tax returns
Delaware’s annual MONEY MATCH round went out in mid-September, and the state says it mailed more than $1.2 million in unclaimed property checks to approximately 10,000 people. The money did not come from a tax refund or a government stimulus. It was dormant property that had been sitting in the state’s custody, paired with owners…