Author: Brian Lund
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Federal student loan borrowers who enroll in auto pay by September 30 get a full point off their rate through June 2028
A single toggle inside a loan servicer’s online account, the one labeled “auto pay,” now carries a full percentage point of interest savings for federal student loan borrowers, but only for those who switch it on before September 30, 2026. The Department of Education is layering a new 0.75 percentage point discount on top of…
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The Federal Reserve raised its benchmark rate a quarter point to between 3.75% and 4% on Wednesday
The Federal Open Market Committee moved interest rates a quarter point higher on September 16, pushing the federal funds target range to between 3.75% and 4%, the range that ripples into savings account yields, certificate-of-deposit rates and credit card annual percentage rates alike. Every voting member on the committee backed the increase. For a household…
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DOL reports $101,125 in back wages recovered from three Baton Rouge-area restaurants.
The U.S. Department of Labor says an investigation recovered $101,125 in back wages for 36 workers at three Baton Rouge-area Japanese restaurants. The August 24 announcement concerns minimum-wage, overtime and tip-related requirements under the Fair Labor Standards Act. It is an enforcement recovery for identified workers, not a new benefit program or a payment that…
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The Federal Reserve’s latest G.19 release put revolving consumer credit at $1.3161 trillion in July.
Revolving consumer credit outstanding reached $1.3161 trillion in July, according to the Federal Reserve’s latest G.19 Consumer Credit release. The July figure is shown in billions of dollars as $1,316.1 billion and is marked preliminary; the release date is September 8, 2026. That is a national stock of credit, not a measure of a typical…
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The FTC says Doxo agreed to pay $2.1 million over allegations it charged consumers add-on bill-payment fees.
The Federal Trade Commission says online bill-payment company Doxo agreed to pay $2.1 million to resolve allegations that it used misleading search advertising and added fees to consumer bill payments. The amount is designated for consumer redress under a proposed stipulated order; it is not a public payout announcement with a currently published claims form.…
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DOL recovered $618,666 in back wages and full tips for 779 South Carolina restaurant workers.
A South Carolina restaurant group paid $618,666 in back wages to 779 employees after a federal investigation found wage, tip-pool, recordkeeping and child-labor violations, the U.S. Department of Labor says. The agency also assessed $100,000 in civil money penalties, a separate amount that does not go to the workers named in the recovery. The scale…
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DOL recovered $732,976 for 31 Florida seafood-restaurant workers.
A federal wage investigation at a Pompano Beach seafood restaurant ended with $732,976 recovered for 31 workers, according to the U.S. Department of Labor. The agency says the case involved a monthly-pay practice that did not account for all hours worked, including overtime. The sum is a recovery reported by the government, not a broad…
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An insider-trading judgment orders $1.83 million returned after profits topped $2.2 million
A federal court has entered a final civil judgment requiring Justin Chen to disgorge $1,828,442 after the Securities and Exchange Commission accused him of helping generate more than $2.2 million in insider-trading profits. The judgment also adds $32,361 in prejudgment interest, although parallel criminal restitution and forfeiture orders satisfy the payment obligation. Confidential filing information…
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AmTrust investors have until October 7 to claim part of a $19 million settlement
Investors who bought stock traceable to two AmTrust public offerings have until October 7, 2026, to submit a proof of claim for a proposed $19 million securities settlement. The filing window remains open, but neither receipt of a notice nor ownership of AmTrust shares by itself guarantees a payment. Only two offerings define the settlement…
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Twist Bioscience investors have until November 17 to seek part of a $17.05 million settlement
Investors who bought qualifying Twist Bioscience common stock have until November 17, 2026, to submit a claim in a proposed $17.05 million securities settlement. The deadline is open, but a mailed notice alone does not establish a payment: the investor must fit the class definition, show eligible transactions and file a valid proof of claim.…