Author: Brian Lund
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Student loan borrowers on autopay keep a one point rate cut through June 2028
Federal student loan borrowers who pay by automatic debit are getting a bigger rate discount than the autopay perk that existed for years, and it is scheduled to run through June 30, 2028. The reduction is one full percentage point off the interest rate, not one percent of the rate and not one percent of…
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The government now adds up to $50 a month toward a borrower’s principal when an on-time payment reduces it by less than $50
A new federal repayment plan has been quietly doing something no earlier student loan plan did: when a borrower’s monthly payment barely touches the balance, the government puts money toward the principal itself. The Department of Education says the credit reaches up to $50 a month, and it applies only to the plan’s own on-time…
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The FDIC’s national average savings rate slipped to 0.37 percent in September
Savings accounts across the American banking system paid a little less on average in September than in the month before. The Federal Deposit Insurance Corporation’s monthly national rate for savings came in at 0.37 percent, down from 0.38 percent in August. The move is a single hundredth of a percentage point, but it ended a…
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Truist raises its out of network ATM fee to $3.50 on November 9 and caps its $36 overdraft fee at three a day on accounts that carry it
Two separate fee changes sit inside one Truist price list, and they land on different customers. The out-of-network ATM charge goes up by 50 cents on November 9, while the bank’s overdraft fee is held to three charges a day. Reading the document line by line shows that the ATM increase reaches most of the…
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Banks in Alaska, Hawaii, Puerto Rico, American Samoa, the Northern Mariana Islands, Guam and the U.S. Virgin Islands may hold an out-of-state check one extra day
Regulation CC, the Federal Reserve rule that sets how long a bank may wait before releasing deposited funds, gives branches in seven U.S. places one more business day than the standard schedule allows. The extra day is a permission rather than a requirement, and it reaches only some checks. The paragraph that grants it is…
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Pep Boys told Pennsylvania it will cut 169 jobs at its Bala Cynwyd headquarters starting New Year’s Eve
The clock behind a corporate layoff is measured in weeks, and the weeks are already running at Pep Boys. The auto-care chain has told Pennsylvania that 169 workers at its Bala Cynwyd corporate site will be separated, with the first separations falling on December 31, 2026, which is New Year’s Eve. The last falls on…
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A bank customer has 60 days from the statement date to report a bad debit under Regulation E, and the bank then has 10 business days (20 for a new account) to decide or provisionally credit it
A debit card charge nobody authorized sets two clocks running at once, and each starts on a different day. Federal Regulation E gives the customer 60 days to report the problem, counted from the statement that shows it. It then gives the bank 10 business days to decide whether an error happened, or 20 business…
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Bechtel Power will close its Reston, Virginia office on November 16, ending 200 jobs
The address on the filing is 11955 Democracy Drive, Reston, Virginia 20190, and the notice type is written as a single word: Closure. Bechtel Power Corporation told the state that its Reston office will shut on November 16, 2026, and that 200 employees will lose their jobs when it does. The notice was filed on…
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Owens & Minor will close its Avid Medical plant in Toano, Virginia on November 25, ending 419 jobs
Owens & Minor is closing its Avid Medical plant in Toano, Virginia, and the state has the paperwork to prove it. The notice puts the closure’s impact date at November 25 and the number of affected employees at 419, all at one address. The filing arrived on September 16, leaving roughly ten weeks before paychecks…
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Starbucks begins cutting 224 corporate and remote jobs on October 19
Starbucks has told Washington regulators that 224 corporate and remote employees will lose their jobs, with the first separations expected on October 19, 2026 and every one of them complete by November 1. The count is a single figure from one layoff notice, covering two groups: 120 Seattle headquarters staff and 104 remote workers. Two…