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☆ Vince McMahon accused of trafficking former WWE employee in new lawsuit
▼ + stars: | 2024-01-25 | by ( Samantha Delouya | Jordan Valinsky | ) edition.cnn.com time to read: +8 min

CNN —A former WWE staffer has accused the company’s founder, Vince McMahon, of sexual assault, trafficking and physical abuse in a lawsuit filed Thursday. In a statement, WWE’s parent company, TKO Group Holdings, said McMahon does not control TKO or oversee day-to-day operations at WWE. Led by McMahon, WWE and UFC, a mixed-martial arts entertainment competitor, announced in April 2023 that they would combine to form TKO. Lawsuit details disturbing allegationsAccording to the lawsuit, Grant was introduced to McMahon in 2019 when she was looking for work. The lawsuit also detailed an alleged sexual assault among Grant, McMahon and Laurinaitis that occurred at WWE’s headquarters in 2021.

Persons: CNN —, Vince McMahon, Janel Grant, McMahon, Grant, –, John Laurinaitis, ”, WME, Ann Callis, “, ” Callis, Mr, ” McMahon, Ari, Dwayne “, ” Johnson, Johnson Organizations: CNN, WWE, UFC, ” WWE, Endeavor, Netflix Locations: Connecticut, McMahon’s, Laurinaitis, Hollywood

They require age verification for anyone in the state who wants to create a social media account, which critics say could compromise users' data security. “We will continue to lead the nation in protecting kids against social media, and we will hold social media companies accountable for the harm that they are inflicting upon our youth,” Adams said. Since escaping, she has used social media to help girls in similar situations. The laws also create new pathways for parents to sue social media companies for causing their children harm. Federal judges have temporarily blocked Arkansas and Ohio from enforcing their state laws requiring parental consent for minors to create new social media accounts.

Persons: —, Spencer Cox, Stuart Adams, ” Adams, “, NetChoice, Lu Ann Cooper, Hannah Zoulek, ” Zoulek, Cox, Sean Reyes fends, Sen, Kirk Cullimore Organizations: LAKE CITY, Republican, Republican Gov, Rights, “, Sandy Republican Locations: Utah, Arkansas, Ohio

☆ The 75 most impactful TV moments are debuts, farewells and historic firsts
▼ + stars: | 2024-01-16 | by ( Scottie Andrew | ) edition.cnn.com time to read: +15 min

These and more indelible moments appear on the Television Academy’s new list of the 75 most impactful moments in TV history, spanning introductions, endings and history-making events. MTV premieres with its first music video – “Video Killed the Radio Star,” 198113. “All in the Family” – viewers meet the working-class Bunker family, 197135. 8.” M*A*S*H” series finale, 198326. But these classic TV moments that stirred audiences when they first aired are still resonant and frequently referenced in contemporary culture.

Persons: Martin Luther King Jr, Mister Rogers, Clemmons, Whitney, George Floyd’s, Lucy ”, Neil Armstrong, O.J, Simpson, Ford Bronco, Walter Cronkite, John F, Kennedy, Martin Luther King, Jr, Nixon, Barack Obama’s, Rodney King’s, Princess Diana’s, Queen Elizabeth II’s, Rodney King, William Shatner’s Captain Kirk, Nichelle Nichols, Uhura, Nichols, Ellen DeGeneres, “ Ellen ”, Sammy Davis , Jr, Archie, “, Lucy ” – Lucy Ricardo, Little Ricky, Lucille Ball, “ Maude ” – Bea Arthur’s Maude, Kelly Clarkson, – Kirk, Kunta Kinte, LeVar Burton, ”, Matt Zoller Seitz, Kunta, Levar Burton, George Carlin, Gordon, Walter White, Bart, Homer, Ted Turner, Sophia, Dorothy, Blanche, Rose, it’s, hallucinating, King Cole, White Walker, ” – Julia Child, boeuf, “ Julia ” –, Julia, “ Will, Grace ”, James Farley, Tony Soprano, Will Hart, It’s, Hawkeye, “ Newhart, Robert Hartley, Bob Newhart, –, “ Mary Tyler Moore, Mary, Ted Danson’s Sam, Bette Midler, Johnny Carson, weren't, Robb, Catelyn, Ed Sullivan, Elvis, “ Charlie Brown, – Linus, Charlie Brown, Carol Burnett, Lucy ” – Lucy, “ Dallas, Mary Tyler Moore, Mary can’t, Chuckles, “ Seinfeld, Jerry, Will Smith, Chris Rock, Harry Bemis, Kinte, Toby, Elmer Fudd, Siegfried, Bugs Bunny, Michael Jackson’s, Oprah ”, Oprah Winfrey, Robb Stark, Hooper, Big, Mr, offscreen, Bill, Frank, Justin Timberlake, Janet, Luke, Laura get, – Whitney Houston, “ Peter Pan ”, “ Walt, Disney Organizations: CNN, The, Television, “, Space Shuttle, NFL, Ford, Capitol, MTV, Radio Star, ABC, Getty, Variety, Oceanic Airlines, Democratic National, HBO, Super, “ Dallas, Beatles, US, Nazi, Pontiac Locations: Angeles, New York, Southern, Monica, “, Valhalla

☆ Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan.
▼ + stars: | 2024-01-12 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Mindy Neira, a financial planner in Westwood, N.J., recommended that if you were having trouble managing card debt, take stock of your spending. He advised paying off the card with the highest interest rate first by making more than the minimum payment. (This is sometimes called the “avalanche” method: While paying off that card, you make minimum payments on the others. Another suggestion: Use two separate checking accounts, said Alvin Carlos, a financial planner in Washington, D.C. Use one for fixed essentials like your rent, mortgage or loan payments. (Ask your bank to make sure there are no extra fees for a second spending account.)

Persons: Mindy Neira, “, ”, Neira, Rob Williams, Charles Schwab, Luis Rosa, Alvin Carlos, Carlos Locations: Westwood, N.J, Las Vegas, Washington ,

☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
▼ + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +11 min

According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.

Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America

☆ More States Now Require Financial Literacy Classes in High Schools
▼ + stars: | 2023-12-01 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Requiring all students to take a financial literacy course can help reduce such inequality, Mr. Pelletier said. Carly Urban, a professor of economics at Montana State University who studies financial literacy, said that discussions about what topics should be taught in classrooms are often bitterly divisive, but state legislators appear to be finding common ground supporting high school financial instruction. Most American adults said they wanted their states to require a semester- or yearlong financial course to graduate from high school, according to a 2022 poll from the National Endowment for Financial Education. Over the years, questions have arisen about whether high school financial literacy classes are effective. High school financial instruction, she said, “overwhelmingly” improves credit scores, lowers loan delinquency rates and reduces the use of risky services like payday lending.

Persons: —, Pelletier, Carly Urban, Urban, “ Organizations: FINRA Investor Education Foundation, Financial Industry Regulatory Authority, Montana State University, National Endowment, Financial Education, Champlain College

☆ Tip a Self-Service Kiosk? How to Deal With the Many Requests for Tips.
▼ + stars: | 2023-11-17 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Mr. Rossman recalled encountering a tip screen this year at a self-checkout station at Newark Liberty International Airport. Replacing the old-fashioned tip jar, new digital payment systems have made it easy for businesses to ask customers for tips electronically. So for some, it can feel awkward to tap “other amount” or “no tip” on a payment screen if they feel that the employee or others in line are watching. More generous tipping practices took hold earlier in the coronavirus pandemic, with people inspired to help frontline workers. But as the pandemic eased, higher inflation took hold, and tipping as a percentage of a pricier meal tab became more noticeable.

Persons: Rossman, “ It’s, Michael Lynn Organizations: Newark Liberty International Airport, Cornell University

☆ Jo Ann Callis’ uncomfortable portrait of femininity has resonated for four decades
▼ + stars: | 2023-11-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +6 min

Though she made the image four and a half decades ago, “Woman with Blue Bow” seems strikingly contemporary — a timeless symbol on the strictures of femininity. Though Callis and her body of work fits neatly within this cohort, it’s not a label that Callis adopted, then or now. Callis' early color work explored restriction and desire at the height of the feminist art movement. Jo Ann Callis/Courtesy ROSEGALLERYThe red imprint on the model’s neck, alluding to discomfort, was not actually caused by the bow, Callis explained, but was rather an illusion thanks to makeup. It’s just one of the many nuances in her color work that she would not have been able to pull off in black and white.

Persons: Jo Ann Callis, Del Cielo, ” Callis, Callis, ”, “, Cindy Sherman, Hannah Wilke, Ana Mendieta, it’s, It’s, William Eggleston’s, Eggleston, David Lynch, Paul Outerbridge, That’s, Alfred Hitchcock, Sofia Coppola, ” Coppola, “ You’re Organizations: CNN, Museum of Modern Locations: Rosegallery, Santa Monica , California, China

☆ Higher Contribution Limits Are Coming for 401(k) Retirement Plans
▼ + stars: | 2023-11-10 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Even if you can contribute the maximum amount, that doesn’t necessarily mean you should, Mr. McBrien said. You may have other goals to save for besides retirement, said Craig Copeland, director of wealth benefits research at the Employee Benefit Research Institute. Under the Secure 2.0 Act, a law passed late last year, savers earning $145,000 or more who make 401(k) catch-up contributions would have had to make them as pretax Roth contributions starting in 2024. Can I change the amount of my 401(k) contributions after open enrollment? But while health insurance choices are typically fixed for the full year unless you have a big change in your life, many employers let you tweak your retirement contributions at any time.

Persons: don’t, Kyle McBrien, McBrien, ”, Craig Copeland, “, Roth, pretax Roth Organizations: Research

☆ WeWork seeks permission to begin canceling leases in bankruptcy
▼ + stars: | 2023-11-08 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork managed to renegotiate 590 leases before filing for bankruptcy, saving about $12.7 billion in future rent payments. WeWork said it is seeking to renegotiate terms on other leases with 400 landlords. U.S. bankruptcy laws gives debtors enormous leverage to walk away from leases, according to Ann Chandler, a real estate attorney. WeWork entered bankruptcy with approximately $164 million of cash on hand, according to court filings.

Persons: Shannon Stapleton, WeWork, Ann Chandler, Chandler, John Sherwood, Dietrich Knauth, Alexia Garamfalvi, Aurora Ellis Organizations: REUTERS, U.S, Thomson Locations: Queens, New York City, U.S, Newark , New Jersey

☆ Open Enrollment Begins for Affordable Care Act Health Plans
▼ + stars: | 2023-11-03 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

Unsubsidized monthly premiums — the “sticker” price — for a benchmark silver plan are rising 4.5 percent on average as a result of inflation and greater use of health care services since the pandemic, according to a KFF analysis. (Plans are grouped by metal levels, ranging from bronze plans, which have low premiums but higher out-of-pocket costs, to gold and platinum plans, which have higher premiums and lower out-of-pocket costs.) The average monthly premium for a benchmark silver plan is expected to be about $477 for an individual, and the average lowest-cost bronze plan $364, KFF found. Most marketplace customers, however, don’t pay those sticker prices, because tax credits lower their monthly cost — to zero, in some cases. Premium tax credits are based on a family’s size and income and the cost of plans in the area.

Persons: Cox, ”, KFF Organizations: Affordable Care, D.C Locations: Washington

☆ TransUnion Failed to Quickly Place or Remove Freezes on Credit Reports
▼ + stars: | 2023-10-27 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Freezing your credit report has long been regarded as one of the best steps to take to make sure identity thieves cannot obtain loans or credit cards in your name. And consumer advocates continue to recommend freezes despite recent revelations that TransUnion, one of the three major credit bureaus, botched “tens of thousands” of freeze requests over a period of years. “It’s still a good idea to freeze your credit,” said Mike Litt, director of the consumer campaign at PIRG, a network of public interest advocacy groups. The Consumer Financial Protection Bureau earlier this month ordered TransUnion to pay $8 million for misleading consumers who believed they were protected by freezes but were not because the company’s computer systems were overwhelmed by requests and failed to activate them, according to an administrative settlement between the bureau and TransUnion and two subsidiaries. The total includes a $5 million penalty and $3 million to compensate customers.

Persons: “ It’s, ”, Mike Litt, TransUnion Organizations: Consumer Financial Locations: PIRG

☆ 305,000 student-loan borrowers got the wrong billing information from their servicer and 'will not have payments due until these mistakes are fixed,' Biden's Education Department says
▼ + stars: | 2023-10-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Education Department confirmed 305,000 student-loan borrowers had payment errors. AdvertisementAdvertisementThousands of student-loan borrowers have faced issues with their payments as they started footing another monthly bill once again. President Joe Biden's Education Department confirmed to Insider on Friday that about 305,000 borrowers have received inaccurate monthly payments from their servicer — less than 1% of the 28 million borrowers entering repayment. After over three years, the student-loan payment pause ended in September when interest started accruing again on federal borrowers' balances. Some borrowers have reported inaccurate bills under the new SAVE income-driven repayment plan, which the Education Department rolled out over the summer to give borrowers more affordable monthly payments.

Persons: servicers, —, Joe Biden's, Ann Currie, Currie, I'm, Miguel Cardona Organizations: Education Department, Service, Joe Biden's Education Department, Department, Bills, Biden, Education

☆ Millennials, Gen Z Mistakenly Bet on Inheritance From Boomer Parents
▼ + stars: | 2023-10-18 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +14 min

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. The New York Times reported on a coming inheritance wealth boom in 2023, 2019, 2014, 2008, and 1999. Even for families with incomes in the 51% to 90% range of earners, the average inheritance was $46,000 — hardly life-changing money. Researchers have been talking about the coming Great Wealth Transfer for at least a quarter of a century. But the reality is that all the wealth boomers are sitting on probably won't end up fixing our collective financial problems.

Persons: Grandma Sue, Grandma Sue's, —, Xers, Gen Zers, Xer, shouldn't, Edward Wolff of, Maury Gittleman, Wolff, Gittleman, Michael Bloomberg, Warren Buffett, Larry Ellison, Bill Gates, Isabel Sawhill, It's, Penn, there's, they're, Bank of America cardholders, Joseph Smith, haven't, boomer, Ann Logue Organizations: Social Security, Medicaid, Boomers, Federal Reserve, New York Times, Edward Wolff of New York University, US Bureau of Labor Statistics, Federal, Brookings Institution, University of Pennsylvania, Penn, Medicare, Family Foundation, Bank of America, Consumer, Department of, Northwestern Mutual, IRS Locations: Northwestern, Chicago

☆ US agency fines Zipcar for uncompleted recall rentals
▼ + stars: | 2023-10-16 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A 2015 law requires rental car companies with 35 or more vehicles to complete recall repairs before renting vehicles. The agency is requiring Zipcar, a unit of Avis Budget Group (CAR.O) since 2013, to submit an audit report of all Zipcar vehicles with uncompleted recall repairs at any time within 150 calendar days after the effective date of the settlement. On Monday, Zipcar said the settlement stems from a 2017 recall in which less than 50 of 12,000 vehicles of its global fleet were found in violation. Zipcar added the recall "was a unique mileage-based recall that did not require the immediate grounding of the vehicles" and added the vehicles are no longer in its fleet. "Vehicles with open, unrepaired recalls pose a safety risk to everyone on the road," said Ann Carlson, NHTSA's acting administrator.

Persons: Robert Galbraith, Zipcar, unrepaired, Ann Carlson, NHTSA's, Hertz, David Shepardson, Chris Reese, Paul Simao, David Gregorio Our Organizations: REUTERS, Rights, National, Traffic Safety Administration, Avis Budget Group, Vehicles, NHTSA, Hertz, Thomson Locations: San Francisco , California

NEW YORK (AP) — Zipcar has been slapped with a $300,000 fine after U.S. regulators found that the car-sharing company allowed customers to rent vehicles that had open recalls, violating federal motor safety law. The civil penalty is a part of a consent order that the National Highway Traffic and Safety Administration announced Monday. It marks NHTSA's first enforcement action against a rental car company over recalls, the agency said. “Vehicles with open, unrepaired recalls pose a safety risk to everyone on the road," NHTSA Acting Administrator Ann Carlson said in a statement. Zipcar agreed to the consent order.

Persons: — Zipcar, unrepaired, Ann Carlson, Zipcar, it's, NHSTA, “, ’, ” Organizations: Safety Administration, “ Vehicles, ”, NHTSA, Ford Transit, Avis Budget Locations: Zipcar

☆ Meet a single mom with $60,000 in student debt who was billed over $100 more than she was told her monthly payment would be: 'I will be struggling if I made that payment'
▼ + stars: | 2023-10-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The new SAVE income-driven repayment plan was intended to make borrowers' monthly payments cheaper. But many borrowers have faced errors with the plan and their payments are higher than what they can afford. "I do want to pay something, but I'm not able to pay that amount that they're requiring me to pay." When the Education Department officially rolled out the SAVE plan in August, it was coined as "the most affordable repayment plan yet." When she applied for the SAVE plan, she was told her monthly payment would be $125 a month, but when she got her billing statement, she was facing a $428 payment, according to documents reviewed by Insider.

Persons: —, Ann Currie, Currie, Joe Biden's, I'm, servicers, she's, Joanna Arbach, hasn't, Arbach, it's, They've Organizations: Service, Education Department, SAVE, Federal Student Aid Locations: Washington

Recent indicators show that women are increasingly eager to put their money to work outside of traditional portfolio offerings. For instance, women accounted for 31.2% of angel investors in the first two quarters of 2022, a slight increase from 30.3% in the same period in 2021, according to a report by Jeffrey E. Sohl at the Center for Venture Research at the University of New Hampshire. This is "an encouraging sign that women angels are an increasing active segment in the angel market," especially as women are predicted to control the majority of the net worth in the U.S., the report said. If you have the money and inclination, angel investing is "a window to innovation across the economy," Jo Ann Corkran, co-CEO and managing partner of Golden Seeds, said Thursday at CNBC's Financial Advisor Summit. It doesn't depend on the market cycle and innovation is always happening, she added.

Persons: Jeffrey E, Sohl, Jo Ann Corkran Organizations: Center for Venture Research, University of New, Golden, CNBC's Financial Locations: University of New Hampshire, U.S

☆ The Empowered Investor
▼ + stars: | 2023-10-12 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Empowered InvestorAccording to recent statistics, 40% of angel investors are women. Combine this with a rising number of women-led startups, and the opportunities for investing by, and in, women are on the rise. Golden Seeds Co-Chief Executive Officer & Managing Partner, Jo Ann Corkran, and Laffer Tengler Investments CEO & CIO, Nancy Tengler, share how advisors can better position clients to take advantage of this growing women-led market opportunity.

Persons: Jo Ann Corkran, Nancy Tengler Organizations: Golden, Tengler

☆ House Republicans had their cell phones confiscated while they voted on a new speaker
▼ + stars: | 2023-10-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

House Republicans voted on Wednesday to nominate Rep. Steve Scalise to be the next speaker. As they left, lawmakers had to wave pieces of paper with numbers on them to get their phones back. AdvertisementAdvertisementHouse Republicans' cell phones were confiscated as they decided on who should be second in line to the presidency. During a conference meeting on Wednesday overseen by current House Conference Chair Rep. Elise Stefanik of New York, Republicans nominated House Majority Leader Steve Scalise to be their party's choice for speaker of the House. The House is set to begin voting on a new speaker at 3pm Wednesday, and it remains unclear how long that will take.

Persons: Steve Scalise, —, Elise Stefanik, Kevin McCarthy, Scalise, Jim Jordan of, Donald Trump, Marjorie Taylor Greene, Georgia, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, — Locations: New York, Jim Jordan of Ohio

☆ Union urges US regulators to deny GM's self-driving Cruise a safety exemption
▼ + stars: | 2023-09-27 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsCompanies General Motors Co FollowWASHINGTON, Sept 27 (Reuters) - The International Brotherhood of Teamsters union on Wednesday asked U.S. auto safety regulators to deny a petition by General Motors (GM.N) to exempt its autonomous vehicle unit Cruise Origin from vehicle safety standards. The Cruise petition, filed in February 2022, seeks government approval to deploy vehicles annually without steering wheels, mirrors, turn signals or windshield wipers. Current on-road self-driving Cruise vehicles have human controls. NHTSA said Cruise vehicles "may engage in inappropriately hard braking or become immobilized."

Persons: Elijah Nouvelage, Ann Carlson, Cruise, Sean O'Brien, Carlson, David Shepardson, Niket, Shounak Dasgupta, Marguerita Choy Organizations: GM Bolt, REUTERS, General Motors, Brotherhood of Teamsters, Wednesday, U.S, Traffic Safety Administration, NHTSA, California Department of Motor Vehicles, Cruise, Reuters, GM, Congress, Thomson Locations: San Francisco , California, U.S, WASHINGTON, San Francisco, Washington, Bengaluru

☆ Leading conservative women turn on 'embarrassing bimbo' Lauren Boebert after vaping and groping theater incident
▼ + stars: | 2023-09-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Leading conservative women took aim at Lauren Boebert over an incident at a Denver musical. Ann Coulter said Boebert was an "embarrassing bimbo" in a post on X, formerly known as Twitter. Boebert had been kicked out of a theater for seemingly vaping and was filmed grabbing her date's crotch. Ann Coulter, a conservative pundit and writer, responded to news of the incident with a post on X, formerly known as Twitter, writing: "Totally embarrassing bimbo." Boebert blamed her "public and difficult divorce" for her actionsRep. Lauren Boebert vaping, left, and a Broadway performance of "Beetlejuice," right, in a composite image.

Persons: Lauren Boebert, Ann Coulter, Boebert, bimbo, vaped, 9News, Lauren Boebert vaping, I'm, Donald Trump's, Jenna Ellis, shouldn't, Meghan McCain, John McCain, McCain, Trump, Coulter, Ellis Organizations: Service, US, Denver, Colorado, GOP, Broadway League, Denvers Arts, Getty, New York Times, Buell Theatre, Republican, Third, Colorado's, Congressional District Locations: Denver, Wall, Silicon, Boebert

☆ Beware Companies Selling Credit ‘Repair’ Services
▼ + stars: | 2023-09-15 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

But beware the companies that sell credit “repair” services over the phone and charge fees upfront. Credit repair companies typically bombard credit bureaus with dispute letters in the hope of getting negative marks deleted, said Andrew Pizor, a senior attorney at the National Consumer Law Center. Occasionally, the repair companies’ efforts may work, Mr. Pizor said, but any benefit is often temporary. If the negative information is accurate, there’s generally no way to have it erased, Mr. Pizor said. Paying for credit repair, he said, is “really a waste of money for the vast majority of people.”

Persons: Andrew Pizor, don’t, Pizor, you’ve, ” Organizations: Consumer Financial, PGX Holdings, Progrexion, Lexington Law, National Consumer Law Center

☆ Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses
▼ + stars: | 2023-09-09 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Federal law generally protects savings in workers’ retirement plans when a company files for bankruptcy protection or goes out of business. Yet there may still be situations when employees lose money, as some former workers at Bed Bath & Beyond have discovered. Bed Bath & Beyond, a home furnishings retailer, filed for bankruptcy protection in April and has been closing up shop and selling off assets. Some former workers, who had invested in a “guaranteed interest account” that they believed was low risk, saw losses of about 10 percent related to the plan’s termination. One saver shared a financial statement showing he had lost about $10,000 in his guaranteed interest account, while another said he had lost more than $2,000.

Persons: ”, Cheryl Costa Organizations: Bed Locations: Framingham, Mass

☆ Tesla ordered by auto regulators to provide data on 'Elon mode' Autopilot configuration
▼ + stars: | 2023-08-30 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Tesla has received a special order from federal automotive safety regulators requiring the company to provide extensive data about its driver assistance and driver monitoring systems, and a once secret configuration for these known as "Elon mode." If the driver leaves the steering wheel unattended for too long, the "nag" escalates to a beeping noise. As CNBC previously reported, with the "Elon mode" configuration enabled, Tesla can allow a driver to use the company's Autopilot, FSD or FSD Beta systems without the so-called "nag." Tesla CEO Elon Musk who also owns and runs the social network X, formerly Twitter, often implies Tesla vehicles are self-driving. His use of Tesla's systems would likely comprise a violation of the company's own terms of use for Autopilot, FSD and FSD Beta, according to Greg Lindsay, an Urban Tech fellow at Cornell.

Persons: Elon Musk, Porte, Tesla, Elon, John Donaldson, Philip Koopman, Koopman, Ann Carlson, Ashok Elluswamy, Greg Lindsay, Grep, Bruno Bowden, Musk Organizations: SpaceX, Twitter, Porte de, CNBC, Traffic Safety Administration, Bloomberg, NHTSA, Automotive, Carnegie Mellon University, California DMV, FSD, Urban Tech, Cornell Locations: Paris, California

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