US recovers $31 million in Social Security payments to dead people
The U.S. government has recovered more than $31 million in Social Security benefits improperly paid to people who died, but one official said Wednesday that the recovery was “just the tip of the iceberg.” The funding comes after Congress granted the Treasury Department temporary access for three years to the Social Security Administration's “Full Death […]
Joe Mollicone, face of credit union crisis, appears for hearing on restitution payments – Turn to 10
PROVIDENCE, R.I. (WJAR) — Joseph Morricone, the notorious embezzler and central figure in the Rhode Island banking crisis of the early 1990s, made a very brief court appearance Wednesday to renew his restitution payments to the state. Morricone is currently paying $70 a month on the $12 million he was ordered to repay. Last August, […]
Capital One sued by feds for avoiding billions in interest payments
Capital One was charged Tuesday by the U.S. Consumer Financial Protection Bureau, which alleges the bank illegally defrauded customers of its flagship “high-interest” savings accounts out of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One offers depositors one of the “best”, […]
Capital One sued by US CFPB for avoiding billions in interest payments – Yahoo Finance
Jonathan Stempel (Reuters) – Capital One on Tuesday was sued by the U.S. Consumer Financial Protection Bureau, accusing it of fraudulently defrauding customers of its flagship “high-interest” savings accounts of more than $2 billion in interest. In a complaint filed in federal court in Alexandria, Virginia, the CFPB alleges that Capital One told depositors that […]
MoonPay acquires Helio for $175M to expand crypto payments infrastructure
Sound Planning Group CEO David Stryzewski talks about big tech stocks weighing on the market, jobs data, and whether silver will drive the U.S. economy. Cryptocurrency payments platform MoonPay acquires blockchain payments processor Helio for $175 million, marking the beginning of what could be a series of strategic mergers in the digital assets space under […]
Peso Stablecoin: 4 Philippine Banks Aim To Revolutionize Digital Payments – Bitcoinist
Cryptocurrency is gaining a foothold in the Southeast Asian country as several local banks team up to issue a new stablecoin that allows citizens to invest in digital assets. Four banks in the Philippines are preparing to introduce it. multibank stablecoin It will enable more Filipinos to join the crypto world and revolutionize cross-border transactions […]
Vince McMahon, SEC reach $1.7M settlement over hush money payments
Vince McMahon, co-founder of World Wrestling Entertainment (WWE), settlement On Friday, he filed charges with the Securities and Exchange Commission (SEC) for failing to disclose two payments made on behalf of himself and the company. The former WWE CEO was accused of paying hush money to two people in 2019 and 2022 to prevent them […]
North Carolina counties demand full property tax payments — even for homes wiped out by Helene
Residents in several North Carolina counties are still paying full property taxes even though their homes were destroyed by Hurricane Helen, officials warned. In late September, Helen tore through the mountains of western North Carolina and surrounding states, causing massive flooding that washed away many buildings or reduced them to piles of rubble. As a […]
Millions to get higher Social Security payments under new law – Fox Business
See what's being clicked on FoxBusiness.com. President Biden signed legislation Sunday to boost the economy. social security Payments to nearly 3 million current and former public servants. Biden signed The Social Security Fairness Act effectively repealed two rules that reduced benefits for public servants receiving the national pension. “The bill I'm signing today is about […]
Higher Social Security payments coming for millions of people from bill that Biden is signing – The Boston Globe
The Congressional Research Service estimated that as of December 2023, 745,679 people, or about 1% of all Social Security recipients, had their benefits reduced due to government pension offsets. Approximately 2.1 million people, or about 3% of all beneficiaries, were affected by the windfall deduction provision. Get starting point A guide to the morning's most […]