Author: Brian Lund
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A fifth American bank failed on Friday, and all $67 million of its deposits moved to a buyer overnight
Pennsylvania’s Department of Banking and Securities took possession of Tioga-Franklin Savings Bank in Philadelphia on Friday, August 21, and named the Federal Deposit Insurance Corporation as receiver the same day. Before the branch doors would have opened again, a second Philadelphia institution had agreed to take the entire deposit book. The bank held $67 million…
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Ten states sued to keep banks paying interest on mortgage escrow
Two OCC rules that preempt state interest-on-escrow laws took effect June 18, 2026. Ten states filed suit in Oregon federal court on August 11 asking a judge to vacate them.
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Refunds from the AT&T data throttling case are landing by Zelle for customers who never cashed the first check
The FTC is sending AT&T data throttling refunds by Zelle to people who were already sent a payment and did not cash the check or accept the PayPal transfer.
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Langeloth Metallurgical will pay $3,662,485 to 51 workers it refused to rehire
The NLRB announced a $3,662,485 settlement for 51 former Langeloth Metallurgical strikers, covering backpay, 401(k) contributions, interest, taxes and $1.275 million in front pay.
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Social Security now answers its phone in under a minute, down from 34 minutes
A great deal of Social Security advice quietly assumes the phone is unusable. Call early, call late, expect to be cut off, budget an afternoon. The agency now reports that the hold time behind that advice has effectively disappeared, which changes the calculation for anyone who has been putting off a call for a year…
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Supplemental Security Income pays up to $994 a month, and the $2,000 savings limit has not moved since 1989
Two numbers govern Supplemental Security Income, and they have moved in opposite directions for nearly four decades. One of them is adjusted every January for inflation. The other has been frozen since the first Bush administration. The gap between them is the reason a recipient who manages to save a modest cushion can lose the…
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A SAVE borrower’s 90-day clock runs from their own notice, not a national cutoff
Roughly 7.5 million people were enrolled in the SAVE repayment plan when the courts brought it to an end, and every one of them now has a deadline to choose something else. The widely circulated version of that deadline is a single date on the calendar. The Education Department’s own description is different, and the…
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Doxo will pay $2.1 million after the FTC said it posed as your biller online and added a hidden fee
Typing a utility company’s name into a search bar feels like the safest possible way to pay a bill. Federal regulators say one company built a business on the gap between that feeling and what a search result actually is. Under a proposed settlement announced this week, the online bill payment firm Doxo will pay…
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A credit-repair network took nearly $200 million and filed identity-theft reports in customers’ names without telling them, the FTC says
A federal court has temporarily shut down a credit repair operation the Federal Trade Commission says collected close to $200 million from people trying to fix their credit. The allegation that stands out is not about the money. It is that the operation allegedly filed identity theft reports with the federal government in customers’ names,…
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Without a deal by August 31, NewYork-Presbyterian goes out of network for most UnitedHealthcare Medicare Advantage members, with active treatment covered to November 29
An extension is not an agreement, and the difference is about to matter for a large number of Medicare Advantage members in New York. NewYork-Presbyterian and UnitedHealthcare bought themselves another month at the end of July while talks continued. That month expires at the end of August, and the hospital system has published exactly what…
