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The US Department of Education building is seen on August 21, 2024 in Washington, DC. The U.S. Department of Education has extended the deadline for its Fresh Start program for defaulted student loan borrowers until Wednesday morning, according to an agency spokesperson. The original deadline for the Fresh Start program was Sept. 30, but an issue on their website led the department to decide to give borrowers until Wednesday at 3 a.m. to apply for it, the spokesperson told CNBC. Since the pandemic-era pause on federal student loan payments ended, the Education Department has shielded borrowers from the worst consequences of missed payments, including collection efforts and negative credit reporting. Borrowers interested in applying for the Fresh Start program can learn more at StudentAid.gov.
Organizations: US Department of Education, U.S . Department of Education, CNBC, Education Department Locations: Washington ,
A national interest rate cap requires CongressUnder current federal law, nationwide limits on credit card interest rates are scarce, consumer advocates say. Likewise, federal credit unions are typically restricted to an 18% interest rate on their credit cards. “A president cannot set a cap on credit card interest rates,” said Rust. A 10% interest rate cap could backfireFinancial experts on both sides of the debate expressed concerns that a 10% interest rate cap could backfire on consumers in various ways. “Otherwise, it is a game of whack-a-mole.”In 2022, credit card issuers charged $14 billion in late fees, he noted.
Persons: Donald Trump, Trump, , Kamala Harris, It’s, Trump’s, Ted Rossman, ” Rossman, Karoline Leavitt, ” Harris hasn’t, Biden, Adam Rust, Rust, , ” Rust, Lauren Saunders, Nicholas Anthony, they’re, ” Anthony, Rossman, Saunders, “ Banks Organizations: Social Security, Republican, Democratic, Federal, Bankrate, CNBC, Consumer Financial, Consumer Federation of America, Bank Act, Consumer Financial Protection Bureau, Consumer Financial Protection, National Consumer Law, Cato Institute’s Center, Monetary, Bureau, U.S . Chamber of Commerce Locations: New York, South Dakota, Delaware, Utah, U.S, Bankrate
An island off the coast of Mahone Bay in Nova Scotia, Canada, is for sale for $7.3 million. Strum Island has a luxurious lodge and amenities for guests who want to escape a stressful world. Go to newsletter preferences Thanks for signing up! AdvertisementA private island off the coast of Nova Scotia, Canada, is on the market at $9.95 million Canadian dollars, or about $7.3 million. The 10-acre property is one of over 350 islands in Mahone Bay, which is about an hour's drive from Halifax, Nova Scotia.
Persons: Organizations: Service, Business Locations: Mahone, Nova Scotia, Canada, Mahone Bay, Halifax , Nova Scotia
Some fall baby names are obvious. Take Autumn for example, which has been in the top 100 names for American baby girls since the late 1990s. AdvertisementThere are 22 fall baby names that will last a lifetime. Fall symbolsBeyond colors, you can draw naming inspiration from common fall symbols. Giving your fall baby an autumn-inspired name is a great way to pay homage to when they arrived.
Persons: , Sophie Kihm, It's, Goldie, Goldie Hawn, Bruno, Rory, Radley, Opal, October's, September's, Harvey, Bowman, Archer, Otto, Toby, it's, Hazel, Oakley Organizations: Service, Business, Juniper Locations: Nameberry, Aurelia
Her sisters Shani and May told CNN’s Anderson Cooper they had received proof that she was alive on three occasions, including just three weeks before her death. We feel like we’re in a nightmare,” Shani Yerushalmi said. The IDF told the family her sister was “shot in the head from very close range,” and had marks on her hands from defending herself, May told CNN. I don’t know if I could be in there a day,” Shani told CNN. Her last words were: “They’ve caught me.”May, who chose to see Yerushalmi’s body after its return to Israel, told CNN: “We gave her a last hug to say goodbye to her.
Persons: Eden Yerushalmi, Shani, CNN’s Anderson Cooper, , ” Shani Yerushalmi, Eden, , May, Benjamin Netanyahu’s, Netanyahu, ” Shani, Hersh Goldberg, Carmel Gat, Yerushalmi, “ They’ve Organizations: CNN, Nova, Hamas, Israel Defense Forces, IDF, Yerushalmi, Hostages Locations: Gaza, Israel, Rafah, , Tel Aviv
BERLIN, Vt. — This fall, hundreds of the most vulnerable people experiencing homelessness in Vermont must leave state-funded motel rooms where they’ve been living as the state winds down its pandemic-era motel voucher program. The move is prompting outcry from municipal leaders and advocates who say many don’t have a place to go. The biggest exodus — about 230 households — is expected on Thursday when they reach a new 80-day limit stay in the motel rooms that the Legislature imposed starting in July. A new 1,110-room cap on the number of motel rooms the state can use to house those people in the warmer months from April through November also kicked in Sunday. The households will be eligible for motel housing again on Dec. 1 as winter sets in.
Persons: they’ve, Jen Armbrister, I’ve, ” Armbrister, She’s, Bruce Jewett, They’re, I’m, , Heidi Wright, Armbrister, Wright, nothing’s, , William Fraser, Phil Scott, “ It’s, ” Scott, can’t Organizations: U.S . Department of Housing, Urban, Republican Gov Locations: BERLIN, Vt, Vermont, Montpelier, Barre, Berlin, ” Montpelier City, City, Chittenden County, Vermont’s, Burlington
A federal judge has extended a temporary restraining order against the Biden administration's latest student loan forgiveness plan, threatening the White House hope to provide financial relief to tens of millions of Americans ahead of the Nov. 5 presidential elections. In the meantime, Hall said he would review the plaintiffs' request for a preliminary injunction against the Biden's relief plan, and the Biden administration's request to dismiss the case. The continuation of the restraining order is the latest setback for the Biden administration's efforts to cancel people's federal student loans. President Joe Biden began promising to alleviate people's education debts during his 2020 campaign bid, but Republican legal challenges have consistently stymied his attempts. The development stems from a lawsuit against the president's aid package brought by seven GOP-led states earlier this month.
Persons: Joe Biden, Randal Hall, George W, Bush, Biden, Hall, Ohio — Organizations: White, Biden, U.S, Republican, GOP, U.S . Department of Locations: Washington , DC, Alabama, Arkansas, Florida, Georgia , Missouri, North Dakota, Ohio
International credit scores generally do not transfer to credit scores in the U.S. Nova Credit allows immigrants from some countries to apply for credit with an international credit score. FICO VantageScore Payment history (35%) Payment history (40%) Credit balance (30%) Length & type of credit (21%) Length of credit history (15%) Percent of credit used (20%) New credit (10%) Total debt/balances (11%) Mix of credit accounts (10%) Recent credit behavior and inquiries (5%) Available credit (3%)Varying reporting standardsOther countries have credit-scoring systems that differ from the United States. Check for applying without a U.S. credit history — While filling out a credit card application, check a box with "apply without having a U.S. credit history." Along with exploring credit scores, credit reports, and how to build credit, Jennifer analyzes how current economic trends impact everyday people and offers her expert advice on budgeting, saving, and growing wealth in today’s economy.
Persons: Misha Esipov, Dun, Bradstreet, Equifax, TransUnion, you've, Jennifer, Read Organizations: Nova Credit, Popular, Nova Credit's, Nova, American Express, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: U.S, United States, America, Experian, Nova, Canada, Japan, Australia, Brazil, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, South Korea, Spain, Switzerland, TheGrio, New York City
The Consumer Financial Protection Bureau last week said it had reached a $120 million settlement with student loan giant Navient that could lead to compensation for hundreds of thousands of borrowers. The CFPB accused Navient of steering student loan borrowers into expensive forbearances, miscalculating their bills and tarnishing their credit reports. Under the terms of the settlement, Navient is banned from servicing federal student loans ever again. A Navient spokesperson said the company disagreed with the consumer watchdog's charges. As part of the deal, $100 million will be used to make payments to impacted customers, as determined by the CFPB.
Organizations: Consumer Financial Locations: Navient
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, the seizure indicates that Musk will face significant financial costs to sustain battles over his stated goal of protecting free speech online. Like the US, Brazil has enshrined speech protections in its constitution, but the Brazilian government has wider discretion to ban certain kinds of speech than the US government. The battle between Musk and de Moraes has escalated for months, leading to the seizure of funds from X and SpaceX. It didn't even have a chance to defend itself," The Associated Press reported Brazilian jurist Lênio Streck said on social media.
Persons: , Elon Musk, Starlink, Alexandre de Moraes, De Moraes, de Moraes, Jair Bolsonaro, Musk, Lord Voldemort, Harry Potter, Rachel Nova Conceicao, Lênio Streck Organizations: Service, Brazil's, X, Brazilian, Business, SpaceX, Musk, Associated Press Locations: Brazilian, Turkey, India, Brazil
U.S. President Joe Biden delivers remarks during a visit to the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. Known as the de minimis loophole, the trade provision allows packages with a value of less than $800 to enter the United States with relatively little scrutiny. Over the past decade, the number of de minimis shipments has exploded, from roughly 140 million to more than a billion, according to a White House estimate. Each individual package is typically worth far less than $800, and thereby qualifies for the de minimis exemption. The Biden administration also called on Congress to pass legislation to overhaul the original de minimis rules.
Persons: Joe Biden, Biden, Daleep Singh Organizations: United Association Local, Textile, Apparel Locations: Ann Arbor , Michigan, U.S, United, China, United States
Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The consumer watchdog agency also accused Navient of steering student loan borrowers into expensive forbearances, causing many to pay steep interest charges. Additionally, CFPB alleged that Navient miscalculated borrowers' payments and tarnished the credit reports of disabled borrowers, including severely injured veterans. At the time, the lender was the largest student loan servicer in the U.S., managing the accounts of more than 12 million people. As part of the settlement, $100 million will be used to make payments to impacted customers, as determined by the CFPB, Navient said.
Persons: Navient, CFPB, servicer Organizations: Consumer Financial, CNBC Locations: U.S
Kristin Marino and Maya Peretz are two young women, bonded by a profound loss. At least once a year, she goes to the World Trade Center reflecting pools to pay tribute to her father. Peretz told Marino in the documentary that she “was sure he was coming back home,” referring to her father. But Marino didn’t expect there to be such an instant bond between them. “Honestly I didn’t really know.
Persons: Kristin Marino, Maya Peretz, Marino, — Kenneth Joseph Marino, , , , influencer, Peretz, wasn’t, they’ve, ” Marino, ” Peretz, Dan Luxemberg, Kristin, it’s Organizations: FDNY, Rescue Company, World Trade, NBC New, Nova Locations: NBC New York, Israel, ” Luxembourg
U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. But the Biden administration official told CNBC that the Department of Education had only instructed loan servicers to get ready for the debt cancellation. The program is the third Biden administration effort to forgive student debt to end up blocked by Republican-led legal challenges. In June 2023, the Supreme Court ruled that the administration's first attempt to cancel up to $400 billion in student debt without prior authorization from Congress was unconstitutional. Two months ago, a federal appeals court temporarily halted Biden's new affordable repayment plan for student loan borrowers, known as SAVE.
Persons: Joe Biden, Joe Biden's, Miguel Cardona, servicers, Randal Hall, Mark Kantrowitz, Kantrowitz, Biden, Hall, Luke Herrine Organizations: Madison Area Technical, Truax, Biden, U.S . Department of Education, AGs, of Education, CNBC, Department of Education, DOE, Missouri Attorney General's, Department, Republican, SAVE, University of Alabama Locations: Madison , Wisconsin, U.S, Georgia, Augusta , Georgia, Missouri, Alabama, Arkansas, Florida, North Dakota, Ohio
Former President Donald Trump says that he wants to make in vitro fertilization treatments free of cost, either by requiring insurance companies to cover the procedure or federally funding it. "Because we want more babies, to put it very nicely," Trump said at a campaign rally in Michigan on Aug. 29. Since then, neither Trump nor his campaign has offered details on how such a plan might be paid for. But health care experts are skeptical that Trump could implement such a policy on his own. And winning support for free IVF among his fellow Republicans in Congress could prove exceptionally difficult.
Persons: Donald Trump, Trump, Kamala Harris, Alina Salganicoff, Salganicoff, Sabrina Corlette, Georgetown University's Organizations: U.S, Alro Steel, Trump, Democratic, KFF, Affordable, Center, Health, Georgetown, Georgetown University's McCourt School of Public Locations: Potterville , Michigan, Michigan, Women's
Noa Argamani, the freed Israeli hostage who was kidnapped from a music festival during the Oct. 7 terrorist attack and held in Gaza until June, celebrated her freedom this week by returning to the dance floor. She addressed whether a celebration was suitable when dozens of hostages remain in Gaza following the Oct. 7 attack that sparked war between Israel and Hamas militants. The party was titled "Return to Life" and featured a large graphic image of Or with the words, "We will dance again." More than 40,000 people have been killed in Gaza since Israel launched its offensive in the enclave following Hamas’ Oct. 7 terror attacks, local officials say. Some 1,200 people were killed and around 250 others taken hostage in the Hamas assault, according to Israeli officials, marking a major escalation in a decadeslong conflict.
Persons: Noa Argamani, Yaakov, there's, Avinatan, Argamani, Benjamin Netanyahu, Joe Biden’s, Brett McGurk, , Organizations: Nova, Israeli Locations: Gaza, Israel, Cairo, Tokyo
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewX's office in Brazil is set to close "immediately" amid an escalation in Elon Musk's public feud with Brazilian Supreme Court judge Alexandre de Moraes. "Last night, Alexandre de Moraes threatened our legal representative in Brazil with arrest if we do not comply with his censorship orders," the X Global Government Affairs office announced in a post on the platform. The social media platform remains available for residents of Brazil to access, the company's post noted. X initially agreed to block the accounts per Brazil's legal orders, complying with content moderation requests similar to those made by Turkey, which the platform has previously agreed to honor.
Persons: , Alexandre de Moraes, Rachel Nova Conceicao, Moraes, De Moraes, Jair Bolsonaro, de Moraes, Brazil's, Jair Bolsonaro's, X, Musk Organizations: Service, Brazilian, X Global Government Affairs, Business, The National High Court, Reuters, Global Government Affairs Locations: Brazil, Elon, Turkey, andover
One paper published just this year sheds some light as to why tablet use could be related to anger outbursts. This is in the context of near-universal use of social media, with up to 95% of kids ages 13 to 17 reporting using social media. American teens report spending a shocking amount of time — nearly five hours each day—on YouTube, TikTok, Instagram and other social media apps. There are a number of problems with this level of social media use, one of which is what this time is replacing. Third, for those whose kids already have smartphones and use social media apps, speak with them about the impact of social media on them.
Persons: Leana Wen, Wen, It’s, I’ve, Vivek Murthy, Murthy, I’d Organizations: CNN, George Washington University, Getty, Pediatrics, YouTube Locations: Nova Scotia, Canada, South Africa
Check out the companies making the biggest moves in premarket trading: KeyCorp — Shares of the Cleveland-based regional bank jumped 18% after the announcement of a minority investment from The Bank of Nova Scotia. The deal gives Scotiabank 14.9% of KeyCorp's common stock for roughly $2.8 billion in cash. Eli Lilly — The pharma stock added 1.4% following an upgrade at Deutsche Bank to buy from hold. The bank cited Eli Lilly's recent earnings beat and called the stock a "low beta/high growth" unicorn. JetBlue Airways — Shares tumbled nearly 6% after the airline announced plans to offer $400 million of convertible senior notes due in 2029.
Persons: Eli Lilly, Eli Lilly's, Robinhood, Piper Sandler, Fred Imbert, Jesse Pound, Sarah Min, Pia Singh Organizations: The Bank of, Scotiabank, Starbucks, Street Journal, pharma, Deutsche Bank, JetBlue Airways, Hawaiian Electric Industries, Maui, Qualcomm, Wolfe Research, Apple Locations: Cleveland, The Bank of Nova Scotia
Check out the companies making headlines in midday trading: JetBlue — Shares sank 13% after the airline said it plans to sell $400 million of five-year convertible senior notes. Hawaiian Electric also reported a consolidated net loss of $1.3 billion, or $11.74 per share, in the second quarter, including charges for goodwill impairment. KeyCorp — The Cleveland-based regional bank surged 13% after The Bank of Nova Scotia agreed to take a minority position, making KeyCorp the top performer in the S & P 500 on Monday. Monday.com — Shares surged about 12%, hitting a new 52-week high, after the Israel-based software company posted better-than-expected second-quarter results. Par Technology — The restaurant technology stock added 1.8% following a Jefferies upgrade to buy from hold.
Persons: , KeyCorp, Monday.com, FactSet, Jeff Smith, Wolfe, Piper Sandler, Robinhood, Alex Harring, Samantha Subin, Yun Li, Jesse Pound, Michelle Fox Organizations: JetBlue —, Hawaiian Electric Industries, Maui, Electric, Bank of Nova, Scotiabank, Street Journal, Starbucks, Qualcomm, Wolfe Research, Apple, Technology —, Jefferies Locations: — The Cleveland, Bank of Nova Scotia, Israel, Par
Democratic vice presidential candidate and Minnesota Governor Tim Walz (L), and Republican Vice Presidential candidate Sen. JD Vance (R-OH). Child tax creditMinnesota's new child tax credit is unusual in its narrowness, but it is the most generous in the nation for low-income households. However, a permanent federal child tax credit expansion could be difficult, particularly amid a divided Congress and increasing concerns over the federal budget deficit. Despite the failed procedural vote, Crapo voiced openness to negotiating a "child tax credit solution that a majority of Republicans can support." Vance was not present for the Senate vote, but has expressed support for the child tax credit.
Persons: Tim Walz, Sen, JD Vance, Walz, Vance, Cowen, Seiberg, Jared Walczak, Mike Crapo, Crapo, Vance's Organizations: Democratic, Minnesota, Republican, Getty, Convention, Senate, U.S, Tax, Republicans, Senate Finance Committee, Democrats, Yale Law School Locations: Harris, Idaho, U.S
Alistair Berg | Digitalvision | Getty ImagesThe Biden administration's new affordable repayment plan, known as SAVE, may be on hold for months —or longer — amid a slew of legal challenges. The White House says roughly 8 million people are enrolled in SAVE, or the Saving on a Valuable Education plan. Why the SAVE plan is on holdThe SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Indeed, the terms of the new income-driven repayment plan are the most generous to date. However, borrowers pursuing student loan forgiveness should still explore their options, said Elaine Rubin, director of corporate communications at Edvisors, which helps students navigate college costs and borrowing.
Persons: Alistair Berg, Digitalvision, Biden, they're, Elaine Rubin Organizations: SAVE, Republican, U.S . Department of Education, Education Department Locations: Edvisors
The Department is still working out the details of the plan, and will notify eligible borrowers soon. "Once these rules are finalized, 30 million Americans will get to benefit and experience the life-changing impact of student debt cancellation," said Aissa Canchola Bañez, policy director at the Student Borrower Protection Center. These are the four groups who stand to benefit from partial or full debt relief, if the plan survives the inevitable next round of lawsuits. Many student loan borrowers aren't aware of the relief options available to them, such as income-driven repayment plans and the Public Service Loan Forgiveness program, consumer advocates say. The Education Department says it will look into when those underlying loans initially entered repayment.
Persons: Joe Biden, Irfan Khan, Biden, Joe Biden's, Canchola, haven't Organizations: Los Angeles Times, Getty, Education Department, Student, Protection, Department, Public Locations: Culver City , California
And the availability of the VIPER spacecraft piqued the company’s interest for future projects, Intuitive Machines told CNN. To get reach that goal, Intuitive Machines will likely have to dip into its own funds to complete VIPER’s finishing touches before liftoff. The Simulated Lunar Operations Lab at NASA Glenn Research Center tested planetary roving vehicle systems and components for vehicles such as the VIPER Rover. The Astrobotic Griffin lunar lander (pictured here in a rendering) is now slated to take off no earlier than late 2025. The lunar lander was designed to carry NASA’s VIPER rover as its main payload.
Persons: There’s, , Jack Kiraly, VIPER, Tim Crain, Thomas Zurbuchen, Aubrey Gemignani, Crain, ” Crain, , Josh Marshall, it’s, Astrobotic, Griffin, John Thornton, Chandan Khanna, Griffin’s, Thornton, ” Thornton, Kiraly, I’m, Sen, Shelley Moore Capito, luncheons, Craig Hudson, Jerry Moran, ” Kiraly, “ It’s Organizations: CNN, Exploration Rover, NASA, Planetary Society, Research, Goddard Space Flight, Machines, NASA Glenn Research Center, VIPER Rover, Technology, United, Cape Canaveral Space Force, Getty, VIPER, Republican, Reuters Lawmakers, Commerce, Justice, Science, Kansas Republican Locations: Houston, Maryland, Nova, California, Pittsburgh, Cape, Cape Canaveral , Florida, West Virginia, Washington, Washington ,, China, Kansas
I'm new to the brand and younger than its average demographic. Silver Ray first set sail in June. Brittany Chang/Business InsiderIn mid-June, I, 27, attended a complimentary five-night sailing for reporters and travel agents on Silver Ray, the latest of the two Nova-class vessels. The window-lined vessel is bright, and its decor is contemporary and classy without being garish. Think of it as akin to a Loews hotel instead of a dated, distasteful luxury resort that had its glory days in the 1980s.
Persons: Silver Ray, Brittany Chang, Tonet Organizations: Loews
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