DIRS.INFO The most relevant business & tech news

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ Want to live a rich life? Start by looking to the affluent.
▼ + stars: | 2024-11-21 | by ( Sponsored Mastercard | ) www.businessinsider.com time to read: +6 min

New Mastercard research shows affluent consumers enjoy optimizing their wallets with "financial gymnastics." While prioritizing experiences and legacy-building, affluent consumers don't accept anything less than the speediest and most convenient payment options. Those based in Asia Pacific tend to go even further, juggling approximately 7.5 payment methods. We see this every day in our work with banks across Asia Pacific: Affluent consumers are no longer motivated by simply accumulating assets. Reliable payment methods free up time that is better spent with loved ones or pursuing passions.

Persons: Sandeep Malhotra, prudently Organizations: Mastercard, Products, Innovation, Insider Studios Locations: Asia Pacific, India, Hong Kong

The woman who accused Hegseth of assault broke into tears when asked about the matter by CNN reporters last week and declined to comment. The report, which identifies the accuser as “Jane Doe,” summarizes police interviews with Doe, Hegseth, conference attendees and a hotel employee, and includes descriptions of video footage from the hotel viewed by police. There, a conference attendee told police that Hegseth had touched her knee and invited her to come to his hotel room. Doe told police that her next memory after the argument was being in a hotel room with Hegseth. He said that he was “buzzed” that night after drinking beer and remembered going back to his hotel room with Doe.

Persons: Pete Hegseth, “, Hegseth, Donald Trump, I’ve, ” Timothy Parlatore, Jane Doe, ”, Doe, Facebook Doe, Hegseth “, Hegseth ejaculating, didn’t, Doe “, “ ‘, ‘, CNN’s Yahya Abou, Ghazala Organizations: CNN, Trump Cabinet, Fox News, California Federation of Republican Women, Hyatt Regency Monterey, Trump, Republican, Hyatt Regency Monterrey, Hegseth, ” Police Locations: California, Monterey , California, Hyatt Regency Monterey Hotel, Spa, Monterey, Monterey County, Doe

☆ Dell pays $2.3 million to settle claims that it overcharged the US Army for computers
▼ + stars: | 2024-11-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

AdvertisementDell has agreed to pay $2.3 million to settle claims that it violated the False Claims Act. Dell and reseller Iron Bow overcharged the US Army for computers over four years, the DOJ said. Dell has agreed to pay $2.3 million to resolve allegations it violated the False Claims Act in its business with the US Army. Iron Bow has agreed to pay just over $2 million to settle the claims, bringing the combined settlement to $4.3 million. Iron Bow did not respond to a request for comment from Business Insider, made outside normal working hours.

Persons: Dell, Bow, Brent Lillard, Brandon Bell, Brian M, Boynton, Prim, Escalona, Donald Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy Organizations: Dell, US Army, DOJ, The, Justice, Army, Army Desktop, Mobile Computing, Government, Justice Department's Civil, Northern, Northern District of, Elon, " Department of Government, Business Locations: Texas, Bow, United States, Northern District, Northern District of Alabama

After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: ”, Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News Locations: Ukraine, Russia

Donald Trump's attorneys are demanding the judge who presided over his New York hush money trial and conviction immediately throw out the case, saying it would be "uniquely destabilizing to the country" otherwise. The letter also cited presidential immunity as a reason to dismiss the case, and maintained Trump is already protected by it. "Just as a sitting President is completely immune from any criminal process, so too is President Trump as President-elect," the letter said. The attorneys have argued he can't be sentenced while in office because it would interfere with his constitutional duties. Trump was convicted earlier this year on 34 counts of falsifying business records related to a hush money payment made to adult film actor Stormy Daniels.

Persons: Donald, Trump’s, Todd Blanche, Emil Bove, Judge Juan Merchan, “, Trump, Stormy Daniels, Alvin Bragg's Organizations: Trump, Justice Department's Locations: York, Manhattan

☆ Credit expert with over 20 years experience: 'Nothing good' comes from maxing out your card
▼ + stars: | 2024-11-20 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Nearly 40% of cardholders in the U.S. have maxed out a credit card or come close to doing so, according to Bankrate's October credit utilization survey. "Nothing good comes out of running up large balances on credit cards," says John Ulzheimer, a credit expert with over 20 years experience who formerly worked for FICO and Experian. It accounts for 30% of how your FICO credit score is calculated and is an "extremely influential" factor used to generate your VantageScore credit score. Maxing out your credit card can throw off your credit utilization ratio, thus harming your overall score. Why it's worth keeping your credit utilization lowThe credit scoring agencies didn't arbitrarily decide to make your credit utilization ratio an important part of your score, Ulzheimer says.

Persons: John Ulzheimer, Bankrate, Ulzheimer, They've Organizations: FICO Locations: cardholders, U.S

☆ The Department of Justice asks court to force Google to spin off Chrome
▼ + stars: | 2024-11-20 | by ( Brian Fung | ) edition.cnn.com time to read: +7 min

Google has promised to appeal; the company didn’t immediately respond to a request for comment on Wednesday’s filing. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Mehta wrote in his opinion. The Microsoft case has been credited with paving the way for Mozilla’s Firefox and Google’s Chrome browsers, which ultimately allowed Google to promote its search engine to billions of internet users. The Microsoft parallels in the Google case are clear, Mehta wrote in his August opinion. Even as Google fights the Justice Department on remedies in the search case, the company is embroiled in another antitrust battle just across the Potomac River in Alexandria, Virginia.

Persons: didn’t, Amit Mehta, Mehta, Satya Nadella, Bing, OpenAI, Trump, Joe Biden, – Mehta, Sherman, ” Mehta, “, ” Organizations: CNN, Google, Justice Department, Apple, Samsung, DOJ, Microsoft, Verizon, Court, District, Columbia, Chrome, Windows, Netscape, Department Locations: California, Alexandria , Virginia

☆ Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementMeredith Whitney expects home prices to fall by 10% to 20% as the frozen housing market starts thawing. The veteran researcher said baby boomers aren't selling, restricting the number of homes available. Home prices are poised to fall by up to a fifth as the frozen housing market thaws — and that could help baby boomers sell at last and younger people to become homeowners, Meredith Whitney says. Advertisement"The problem is the baby boomers own 60% of the housing stock," she said, referring to single-family, owner-occupied homes. AdvertisementSeveral economists have predicted a "silver tsunami" as baby boomers sell their homes to downsize or move into care homes, increasing the available supply of single-family homes and reducing prices.

Persons: Meredith Whitney, It's, Price, Whitney, millennials Organizations: Meredith Whitney Advisory Group, Homeowners, Federal Reserve, National Association of Realtors, CNBC

☆ Act now for $7,500 EV tax credit: There's 'real risk' Trump will axe funding in 2025, lawyer says
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Chris Unger | Ufc | Getty ImagesThere's considerable uncertainty over the contents of a future Republican tax package and the fate of the EV credit, experts said. Repealing all the IRA's green energy tax credits, including the EV credit, would offset that cost by about $921 billion, it said. She was getting ready to buy one thanks to the $7,500 EV credit, which made the vehicles more affordable, she said. To wait and buy in 2025 is "too big of a gamble" given Trump's antipathy toward the EV credit, she said. There's no question there's real risk in the EV credit going away.

Persons: Donald Trump, Jamie Wickett, Hogan Lovells, Wickett, Joe Biden, Trump, Chris Unger, Laura, Hogan, —, wouldn't, it's, Ingrid Malmgren, Malmgren Organizations: Digitalvision, Getty, Biden, Republicans, Capitol, IRA, Elon, UFC, Madison, Garden, Ufc, Security, Tax, Chrysler Pacifica, Local, Plug, U.S . Treasury Department, Treasury Locations: New York, Charlotte , North Carolina

☆ A boomer built a $350K ADU in her backyard to grow old. It's also a win for her daughter, who moved into the main house.
▼ + stars: | 2024-11-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Meanwhile, her 34-year-old daughter lives in the 2,000-square-foot, three-bedroom, two-bathroom main house with her three-and-a-half-year-old daughter. The ADU was a win for mom, daughter, and granddaughterFor Wilder-Abrams, building an ADU in her backyard and having her daughter move into the main house was much more affordable than purchasing a new home in Oakland. Courtesy of Christine Wilder-AbramsConstruction on Wilder-Abrams' ADU began in 2021. By May 2022, her daughter had moved into the main house, and she had settled into the ADU. To finance the construction of the ADU, Wilder-Abrams took out a second mortgage on her home, as the original mortgage had been paid off years earlier.

Persons: Christine Wilder, Abrams, Wilder, Zillow, Thomas Winz, ADUs, ADU Wilder, it'll, ADU, Everybody's, wasn't, it's Organizations: Wilder Locations: California, Oakland , California, Wilder, Oakland, Oakland , Orange County

☆ Trump demands immediate dismissal of hush-money case, saying he can't be sentenced while president-elect or president
▼ + stars: | 2024-11-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

AdvertisementLawyers for Donald Trump on Wednesday demanded the immediate dismissal of his hush-money case. Trump can't be sentenced while either president-elect or president, they argued. Donald Trump's legal team filed for immediate dismissal of his New York hush-money case on Wednesday, arguing that he cannot be sentenced while either president-elect or president. "On November 5, 2024, the Nation's People issued a mandate that supersedes the political motivations of DANY's 'People,'" the defense filing concludes, using the acronym for the District Attorney of New York. One prosecutor should not have "practical power to interfere with the ability of a popularly elected president to carry out his constitutional functions," the defense filing says.

Persons: Donald Trump, Trump, Donald Trump's, Trump's, DANY's, Todd Blanche, Emil Bove, Attorney Alvin Bragg, Bragg, Juan Merchan, Stormy Daniels Organizations: Wednesday, District, Manhattan, Attorney, Democrat, New York City Locations: Manhattan, York, New York, New

☆ Political and social division is driving interest in ‘golden visas’
▼ + stars: | 2024-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

Interest in so-called “golden visas” has skyrocketed among US citizens since the election, according to consultants that help the wealthy migrate. Golden visas allow people to effectively buy foreign citizenship or residence through sizable investments, including in real estate, government bonds or startups. Jc Milhet/Hans Lucas/AFP/Getty ImagesInquiries about golden visas from Americans have increased 33% so far this year compared with the same period last year, with programs in Europe the most sought after. Portugal’s Golden Residence Permit Program tops the popularity list because it is relatively affordable, requiring a minimum outlay of €250,000 ($265,000) in support of the arts or national cultural heritage. With golden visas out of reach for most Americans, social media platforms are ablaze with chatter about other avenues for moving abroad.

Persons: Donald Trump, ”, Dominic Volek, Armand Arton, “, Covid lockdowns, …, Jc Milhet, Hans Lucas, Portugal’s, Thomas Coex, Trump, ” Flannery Foster, “ I’ve, ” Foster, Foster, ’ Organizations: London CNN, Democratic, Henley & Partners, Arton, CNN, Getty, Union, Plaza Mayor, LGBT, Spanish Locations: Europe, Ollolai, Sardinia, Nigeria, South Africa, China, India, Philippines, United States, Valletta, AFP, Greece, Spain, Italy, Malta, Austria, €, Madrid, Reddit, USA

☆ New Diddy accuser says he threatened to 'ruin her' at 17 after she was sexually assaulted at one of his famed July 4 white parties
▼ + stars: | 2024-11-20 | by ( Natalie Musumeci | Madeline Berg | Laura Italiano | ) www.businessinsider.com time to read: +6 min

One lawsuit alleges Combs sexually assaulted a 17-year-old girl at one of his famed white parties. Combs' attorney denied the allegations, calling the lawsuits "publicity stunts" by attorney Tony Buzbee. AdvertisementThe lawsuit alleges that at some point Combs and two of his bodyguards approached the then-teen and threatened her. "As his legal team has said before, Mr. Combs has full confidence in the facts and the integrity of the judicial process," said Wolff. "In court, the truth will prevail: that Mr. Combs never sexually assaulted or trafficked anyone—man or woman, adult or minor."

Persons: Sean, Diddy, Combs, Tony Buzbee, Jane Doe, Erica Wolff, Wolff, Tony Buzbee's, Buzbee's, Buzbee, anally, Plaintiff, Defendants Organizations: Hamptons Locations: Texas, New York, Florida, Miami, Manhattan, New York City

Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. Bank of America Travel Rewards Card ReviewCapital One VentureOne Credit Card Pros and ConsAdvantages of the Capital One VentureOne Credit CardThe VentureOne Rewards Card comes with several significant advantages, making it an attractive choice for those seeking a straightforward rewards program. Capital One VentureOne Card Frequently Asked QuestionsWhat makes Capital One VentureOne Credit Card stand out? No, unlike the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card, the Capital One VentureOne Rewards Credit Card is not metal. Why You Should Trust Us: How We Reviewed the Capital One VentureOne Credit CardOur credit cards team reviewed the VentureOne Rewards Card in comparison to similar no-annual-fee travel credit cards.

Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside

Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.

Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN

☆ Weekly mortgage demand inched up, despite higher interest rates. Here's why.
▼ + stars: | 2024-11-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week. Total application volume increased 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News, U.S Locations: Ukraine, Russia

Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?

Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait

If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Brooklyn monsignor who let Sabrina Carpenter film in church is removed, accused of mishandling $2M of funds
▼ + stars: | 2024-11-19 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

A New York City monsignor who raised eyebrows by allowing pop star Sabrina Carpenter to film a video in his church was relieved of duties after he allegedly mishandled nearly $2 million of church funds, church officials announced. The Diocese said the investigation "uncovered a pattern of serious violations of Diocesan policies and protocols by Monsignor Gigantiello." Former pastor of Shrine Church of Our Lady of Mount Carmel Monsignor Jamie Gigantiello in 2022 in Brooklyn, New York. Julia Demaree Nikhinson / AP fileIn January 2019, Gigantiello allegedly transferred $1 million of parish funds to Carone’s law firm, the Diocese said. The investigation also found other instances of the monsignor transferring and using parish funds in violation of Diocesan policies and protocols.

Persons: Sabrina Carpenter, Monsignor Jamie Gigantiello, Bishop Robert J, Brennan, Eric Adams, Monsignor Gigantiello, Frank Carone, Carone, Adams, Mount Carmel, Jamie Gigantiello, Julia Demaree Nikhinson, Gigantiello, Monsignor, Arthur Aidala, Aidala, Bishop Brennan, Bishop Witold Mroziewski, Deacon Dean Dobbins, Monsignor Gigantiello’s, Deacon Dobbins, Dobbins Organizations: York City, Roman Catholic Diocese, New, New York City, NBC, NBC New York, Our, Carone, NBC New, Development Locations: Carmel, Brooklyn, New York, NBC New York, NBC New, Shrine, Brooklyn , New York

New York prosecutors told the judge who presided over Donald Trump's hush money trial on Tuesday that his sentencing should be postponed while the president-elect's lawyers file further legal arguments asking the case be dismissed. The proposal Tuesday from Manhattan District Attorney Alvin Bragg's office would need to be signed off on by Judge Juan Merchan to become official. A ruling against Trump on the issue would have paved the way for the judge to proceed with his sentencing, which was tentatively scheduled for Nov. 26. That case has been paused while Trump and some of his co-defendants seek to have an appeals court remove Willis from the case for an alleged conflict of interest. Trump's lawyers have contended that even if she’s allowed to remain on the case, any Trump trial would have to wait until he’s out of office in 2029 because of constitutional issues.

Persons: Donald Trump's, Alvin Bragg's, Judge Juan Merchan, Merchan, Trump, Matthew Colangelo, ” Colangelo, Court's, Michael Cohen, Stormy Daniels, Daniels, he’s, Hope Hicks, Madeleine Westerhout, Cohen, Court’s, ” Trump, Bragg, He’s, Fani, Willis Organizations: Manhattan, U.S, Trump, Trump White House, Lawyers, Prosecutors, Justice Department Locations: York, U.S ., “, Fulton County, Georgia

☆ Whether Trump will ever get sentenced on his hush-money conviction may become clear on Tuesday
▼ + stars: | 2024-11-19 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

AdvertisementTrump's felony hush-money sentencing had been scheduled for November 26. Trump's election and SCOTUS-bestowed immunity have thrown a giant monkey wrench in the schedule. Prosecutors have said they'll tell the judge how they wish to move forward by Tuesday, November 19. Whether President-elect Donald Trump will ever get sentenced on his now six-month-old hush-money conviction could become clearer as early as Tuesday, when prosecutors are scheduled to announce — at least to the judge — how they wish to proceed with the case. Since his decisive victory on Election Day, Trump's November 26 sentencing date has remained on hold indefinitely.

Persons: SCOTUS, Donald Trump, Trump, hampers, Juan Merchan, Merchan, Matthew Colangelo, Attorney Alvin Bragg, Colangelo, Stormy Daniels Organizations: Prosecutors, New, Attorney, Trump, New York City Locations: Manhattan, New York

☆ Visa and Mastercard execs grilled by senators on 'duopoly,' high swipe fees
▼ + stars: | 2024-11-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Interchange fees, also known as swipe fees, are paid from a merchant's bank account to the cardholder's bank, whenever a customer uses a credit card in a retail purchase. "In 2023 alone, Visa and Mastercard charged merchants more than $100 billion in credit card fees, mostly in the form of interchange fees," Durbin told the committee. Visa and Mastercard, however, stand by their swipe fees. But the current high credit card swipe fees for retailers translate to higher prices for consumers, the National Retail Federation told the committee in a letter ahead of the hearing. "Last year, the average American spent $1,100 in swipe fees, more than they spent on pets, coffee or alcohol."

Persons: Bill Sheedy, Linda Kirkpatrick, Democratic Illinois Sen, Dick Durbin, Durbin, Republican Kansas Sen, Roger Marshall, Ryan McInerney, Sheedy, Americas Linda Kirkpatrick, Dodd, Frank, Roger Alford, General Merrick Garland Organizations: Visa, Americas, Mastercard, Committee, Democratic Illinois, Republican Kansas, Credit, National Retail Federation, Notre Dame University Locations: Washington ,

☆ Prosecutors set to weigh in on fate of Trump New York hush money case
▼ + stars: | 2024-11-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Prosecutors on Tuesday are set to tell a judge whether they think the criminal hush money case against President-elect Donald Trump should head to sentencing, as planned, or be dismissed following his electoral victory, as his lawyers have requested. Those records related to a $130,000 payment his then-personal lawyer Michael Cohen made shortly before the 2016 election to porn star Stormy Daniels to buy her silence about a purported one-time sexual tryst with Trump a decade earlier. Judge Juan Merchan had been expected to rule on a dismissal request by Trump's lawyers on Nov. 12 at the earliest. But on the heels of Trump's election win, the DA's office told Merchan they wanted him to delay his ruling, to give them time to determine how that victory affected the case. Merchan gave them one week to do so.

Persons: Donald Trump, Juan Merchan, Stormy Daniels, Trump, Kamala Harris Trump, Michael Cohen, Merchan Organizations: Prosecutors, The, Manhattan, Attorney's Locations: Manhattan, New York City, York

☆ Student loan servicers are pulling incorrect payments from borrowers' bank accounts
▼ + stars: | 2024-11-19 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Lenders often encourage federal student loan borrowers to enroll in automatic payments. "Unfortunately, autopay errors were one of the most widespread, basic and consequential servicer errors we saw this year," CFPB Student Loan Ombudsman Julia Barnard told CNBC. In some cases, borrowers had money pulled from their bank accounts despite never consenting to autopay, Barnard said. Other autopay users saw incorrect amounts taken or were charged multiple times in the same month. In March, one borrower told the CFPB that their student loan servicer took $6,897 from their account when they only owed $1,048.

Persons: Julia Barnard, Barnard, aren't, wouldn't, servicer Organizations: Consumer Financial, Bureau, CNBC, autopay, Finance, Black

Search resuls for: "Payment"

25 mentions found