Tennessee State

New-vehicle buyers are taking out loans averaging almost 70 months. Average new-vehicle APRs increased to 7.3% during the second quarter. Down payments for new vehicles have slightly decreased. A new study has revealed that many new vehicle buyers in the U.S. are being stretched to their financial limits, signing up...

Americans Drowning In New Car Debt, Loans Averaging 70 Months

The Associated Press

NEW YORK (AP) — The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks in advance, often for a fee, are providing loans and therefore subject to the Truth in Lending Act, a 1968 law that requires lenders disclose all loan costs and fees. If enacted, the proposed rule would provide clarity to a fast-growing industry known as Earned Wage Access, which has been compared to payday lending. The agency wants borrowers to be able to “easily compare products” and to prevent “race-to-the-bottom business practices,” CFPB Director Rohit Chopra said on a call with...

US agency says apps that let workers access paychecks before payday are providing loans

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

If you want to buy a new car, there isn't much you can do about rising prices or elevated financing rates. But you likely have some control over your credit score, which can account for more than $10,000 in savings off the total cost of a vehicle. That's because the...

This is the credit score you need to get the best rates on a new car

Business Insider

A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be placed on forbearance.

8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full

Mississippi State

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Jackson, MS

Mississippi News Group

JACKSON, Miss. - In a decisive move today, State Auditor Shad White announced the arrest of Lacosta Lee, a contracted probation officer affiliated with Court Programs, Inc (CPI), on charges of embezzlement. Special Agents from the State Auditor’s Office took Lee into custody following allegations that she misappropriated funds intended for court-ordered fines and fees.

Probation Officer Arrested in Embezzlement Case

Pigeon Forge, TN

While Dollywood regains momentum following its sudden closure earlier this week, new information has surfaced regarding gross illegal activity related to the popular theme park. Dollywood’s Troubled Week. Just an hour after welcoming guests on July 17, Dollywood had to temporarily shut down due to a water main break....

Dollywood Jeopardy: Dolly Parton Cuts Ties With Company After Gross Illegal Activity Uncovered

Georgia State

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Dublin, GA

Daily Coffee Press

Officials from the U.S. Department of Justice have announced that a 42-year-old man from Dublin, Georgia, has been sentenced to nearly 20 years in federal prison after pleading guilty to distributing fentanyl.

Georgia Man Sentenced to Nearly 20 Years for Fentanyl Distribution

The Education Department approved another batch of student-loan borrowers for debt relief through the Public Service Loan Forgiveness program.

35,000 student-loan borrowers in public service are getting $1.2 billion in debt wiped out after fixes to a key relief program

The Biden administration announced it will cancel $1.2 billion in student debt for 35,000 workers. The relief is a result of the U.S. Department of Education's fixes to the Public Service Loan Forgiveness program. The Biden administration announced Thursday it will cancel $1.2 billion in student debt for 35,000 workers,...

Education Department to forgive $1.2 billion in student debt for 35,000 borrowers

CBS San Francisco

The Biden administration on Thursday said it is forgiving $1.2 billion in student debt for 35,000 borrowers who work in public service, ranging from teachers to firefighters. The announcement marks the latest round in government loan relief after the Supreme Court last year blocked President Joe Biden's plan for broad-based college loan forgiveness. With the latest student loan forgiveness, the Biden administration said it has waived $168.5 billion in debt for roughly 4.8 million Americans, according to a statement from the Department of Education. That represents about 1 in 10 student loan borrowers, it added. The people who qualify for forgiveness in the...

Biden administration forgives another $1.2 billion in student loans

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

CBS News

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  Right now, the average American is carrying about $7,950 in credit card debt. And, while this type of high-rate debt is never ideal, it can be even more of an issue in today's economic environment. After all, credit card rates have been climbing recently, and if your balances aren't paid off each month, the interest charges can accumulate quickly. That, in turn, can result in high minimum payments that are difficult to maintain. That isn't the only troubling credit card...

3 big reasons to pursue credit card debt forgiveness this August

Student-loan borrowers on income-driven repayment plans and PSLF have until June 30 to consolidate their balances for one-time account adjustments.

Some student-loan borrowers have one week left to benefit from a temporary measure that'll bring them closer to debt cancellation

Tupelo, MS

Traci D. Franklin, a 52-year-old resident of Tupelo, was arrested by the Tupelo Police Department on June 28, 2024, following the issuance of a Lee County Circuit Court Capias Warrant.

Tupelo police make arrest on woman for not returning rental property to Best Way

Savannah, GA

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

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  In recent years, inflation and higher interest rates purposely designed to tame it have left millions of Americans struggling to make ends meet. And while inflation has dropped substantially from a decades-high in June 2022, it's still around a point above the Federal Reserve's target 2% goal. However, a consistently cooling inflation could soon result in a cut to the federal funds rate — and a subsequent reduction in the rates lenders charge borrowers. But while that will be...

Why you should consider debt relief for August

Newark, NJ

Morristown Minute

NEWARK, N.J. – An Essex County man has been charged with numerous offenses related to narcotics distribution and firearms trafficking. Kyrell Domnie, 39, of Irvington, known by the alias "Fly Ky," was charged by complaint and appeared before U.S. Magistrate Judge Cathy L. Waldor in Newark federal court on July 17, 2024. He remains detained following the hearing.

Convicted Felon Faces Multiple Narcotics and Firearms Charges

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

There are many programs that can make homeownership more achievable if you have a disability. See which disability home loans and grants could be right for you.

Mortgages and grants to help people with disabilities buy a home

NewsBreak

Tennessee Borrowers Brace for Higher Loan Costs as State Interest Rate Climbs to 12.50%

Tennessee's borrowers can expect to adjust their financial strategies as the state's maximum effective formula interest rate hits 12.50 percent per annum. This announcement, made today,...

Tennessee Borrowers Brace for Higher Loan Costs as State Interest Rate Climbs to 12.50%

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