The landscape of student loan repayment in the United States is undergoing significant adjustments as the Department of Education reintroduces two crucial repayment options: the Pay As You Earn (PAYE) Repayment Plan and the Income-Contingent Repayment (ICR) Plan. These plans provide borrowers with tailored monthly payments based on their income and family size, ultimately allowing
Legal
In a notable shift for small business owners across the United States, a federal court has imposed a significant delay on the enforcement of beneficial ownership information (BOI) reporting requirements mandated by the Corporate Transparency Act (CTA). These rules, which are intended to shed light on the individuals behind corporate entities and combat illicit financial
The Consumer Financial Protection Bureau (CFPB) has recently brought to light troubling allegations against retail giant Walmart and the work-scheduling app Branch Messenger. The class action-type lawsuit accuses these companies of exploiting delivery drivers by compelling them to use substandard deposit accounts, seemingly as a means to control payments and accumulate fees. This unprecedented legal
In a shocking turn of events within the real estate industry, federal prosecutors in New York have brought serious charges against Tal and Oren Alexander, along with their brother Alon. The allegations claim that these affluent real estate brokers engaged in a systematic scheme of drugging and sexually assaulting women over a span of more
The U.S. Treasury Department’s decision to postpone the deadline for small businesses to file a Beneficial Ownership Information (BOI) report demonstrates the complexity and challenges inherent in regulatory compliance. The new deadline, set for January 13, 2025, marks an important shift from the original requirement for businesses to submit this form to FinCEN by January
The landscape of student loan forgiveness has been a contentious issue over recent years, especially under the Biden administration. Following the Supreme Court’s rejection of a previous plan aimed at broad debt relief, the administration announced the termination of two critical initiatives designed to aid student loan borrowers. This decision not only underscores the challenges
The beloved Christmas classic “Home Alone,” released in 1990, has become a staple of holiday viewing. As fans revisit the film, many are left pondering not just the antics of the mischievous young protagonist, Kevin McCallister, but also the financial health of his seemingly affluent family. The McCallisters’ extravagant lifestyle—complete with pizza orders for a
In an unprecedented move, a coalition of banks and industry organizations is taking legal action against the Federal Reserve, specifically targeting its annual bank stress testing procedures. This lawsuit, filed by the Bank Policy Institute (BPI) alongside other notable groups including the American Bankers Association, is rooted in allegations of “longstanding legal violations.” The crux
The holiday season brings a peculiar tradition within the media industry: a set of predictions for the coming year articulated by anonymous executives who prefer to maintain their confidentiality. As we celebrate this season of cheer, executives from various segments of the entertainment landscape have stepped forward to offer an insightful glimpse into what they
In a significant move, the Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against the operator of the Zelle payment network along with three major U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo. This lawsuit stems from serious allegations that these financial institutions failed to adequately address fraud complaints linked to transactions processed