SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " closure " 1,031 found 🔀 AI-powered Shuffle
Moss series developer Polyarc shuts down
Moss series developer Polyarc will shut down, the developer announced.
Dead and live roaches, egg sacs were found at this Sacramento eatery. Where?
Sacramento County health inspectors closed three dining facilities and cited 10 others this week.
Judges press Illinois over nonprofit diversity disclosure law
Federal appeals court judges in Chicago questioned an Illinois law requiring nonprofits to disclose demographic data about their boards and officers.
Judges press Illinois over nonprofit diversity disclosure law
Federal appeals court judges in Chicago questioned an Illinois law requiring nonprofits to disclose demographic data about their boards and officers.
GitLab CVSS 10 File-Read Flaw Draws In-the-Wild Probes After Disclosure
GitLab patched CVE-2026-85706, a CVSS 10 path traversal flaw enabling unauthenticated file reads, as in-the-wild probes began.
Bristol life sciences manufacturer delays plant closure, final layoffs until year-end
IDEX Health has delayed the final closure of its Bristol facility and layoffs of up to 15 remaining employees until Dec. 31.
Chimney fire forces evacuation of downtown Bozeman business
A chimney fire forced the closure of Main Street in downtown Bozeman Thursday afternoon. There were no injuries reported.
ABC24 News Update | Hearing & Balance Centers patients concerned after potential business closure
Trump’s Special Envoy Hauled In More Than $250 Million While in Government
A disclosure shows that Steve Witkoff collected nearly $107 million in 2025 from a holding company that includes a crypto business owned by his family and President Trump’s.
Russians about Goethe-Institut: 'Hostage to politics'
Canceled language exams, disrupted plans to study in Germany and the disappearance of an important cultural link: DW users shared how the closure of Germany's Goethe-Institut in Russia affects their lives.
Can Doing Good Create Business Value?
As sustainability reporting moves into a new phase across Greater China, companies face a question that disclosure rules alone cannot answer: can doing good also create business value?
Helena Foulkes will defeat Rhode Island Gov. Dan McKee, CNN projects, marking a rare incumbent primary loss
Former CVS executive Helena Foulkes will win the Democratic nomination for governor of Rhode Island, CNN’s Decision Desk projects, defeating incumbent Gov. Dan McKee as she capitalized on voter frustration over the partial closure of a key bridge and the ensuing traffic chaos.
Poll: Do Michigan voters support stricter political campaign finance rules?
Michigan voters were asked in a recent poll how they felt about the upcoming November general election. One question asked if Michigan voters supported prohibiting regulated utilities and government contractors from contributing to politicians, expanding campaign-finance disclosure rules and requiring disclosure for internet political ads.
Business owners near the University of Cincinnati push back on street closures meant to curb violence
Business owners in Cincinnati’s CUF neighborhood near the University of Cincinnati say evening street closures put in place following a series of shootings are hurting their bottom lines.
Vermilion Farm Market announces indefinite closure after nearly 50 years in business
Vermilion Farm Market, a locally owned and operated fixture in the community since 1979, has announced that it is closing indefinitely. The market did not explain the decision in its announcement.
Trump gave $45,000 holiday gifts to Natalie Harp and two other White House aides
President Donald Trump gave sizable holiday gifts to four White House aides, according to new financial disclosures released by the administration.
Meeting planned on maternal health care cuts in DC
District leaders and nurses are raising concerns following the summer closure of a postpartum unit at MedStar Washington Hospital Center, the city’s largest private, nonprofit hospital. A public forum on the issue is scheduled for Wednesday night.
Trump Doled Out $45,000 Cash Gifts to Natalie Harp and Other Aides Last Year
The money, listed as “cash gift for the holidays,” was detailed in financial disclosure forms released by the administration.
Trump Doled Out $45,000 Cash Gifts to Natalie Harp and Other Aides Last Year
The money, listed as “cash gift for the holidays,” was detailed in financial disclosure forms released by the administration.
Official | Auxerre loan Francisco Sierralta to Gliwice
Bought for just under €2m last summer, Francisco Sierralta (29) has joined Polish club Gliwice on a season-long loan. The deal, concluded on Wednesday, ahead of the closure of the transfer window in...
Maven Securities LTD Makes New $2.28 Million Investment in Live Nation Entertainment, Inc. $LYV
Maven Securities LTD acquired a new stake in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,470 shares of the company's stock, valued at approximately $2,283,000. Other
AS Monaco in advanced talks over Aleksandr Golovin sale
AS Monaco are in advanced talks over the sale of Aleksandr Golovin (30), as per a report from L’Équipe. The playmaker could return to his native Russia before the closure of the transfer window on ...
Trump gave Natalie Harp and two other aides $45,000 each in cash gifts for holidays
President Donald Trump gave Natalie Harp and two other White House aides $45,000 each in cash gifts, according to financial disclosure statements.
Trump gave $45,000 holiday gifts to Natalie Harp and two other White House aides
President Donald Trump has given substantial holiday gifts to four White House aides, according to financial disclosures released by the administration | 830 WCCO
Allegheny County Council proposes bill that could regulate AI use in political campaign materials
Members of Allegheny County Council on Tuesday introduced a bill that would require political candidates to disclose their use of artificial intelligence in campaign materials, an effort aimed at preventing voters from being misled by AI-generative content. If passed, the ordinance would establish disclosure requirements for AI-generated campaign content used
Trump gave $45,000 cash gifts to Natalie Harp, two other close aides
Financial disclosures show the sums were equivalent to nearly one-third of each of their salaries. Experts say the gifts are without precedent and may violate the law.
Hurricane Lowell forces bank closures across Kauai, parts of Oahu and Maui
All major Hawaii banks closed Kauai branches Tuesday as Hurricane Lowell brought high winds, heavy rain and widespread power outages to the islands.
Alaska review finds potential financial disclosure issues involving 91 candidates
A preliminary Alaska Department of Law review found potential financial disclosure discrepancies involving 91 candidates, but did not determine whether any laws were violated.
Dahlstrom reverses course, will certify Taylor and Tagle for November ballot
Lt. Gov. Nancy Dahlstrom reversed her August 31 decision and will certify Treg Taylor and Jose Tagle after a preliminary review raised questions about financial disclosure recommendations.
Protesters rally against Academy of Natural Sciences closure
Protesters rallied outside the Academy of Natural Sciences Tuesday as the 198-year-old Philly museum prepares to close at the end of September.
Pritzker defends Logan prison closure; pumps 5-year plan to attract new business to Lincoln
During a media appearance Tuesday in Bloomington, Pritzker said he's the most pro-economic development governor since Jim Thompson, who left office in 1991. He plans to work with Logan County officials to state properties where industry has left, including the pending closure of Logan Correctional Center.
The bill for Trump’s Medicaid cuts is coming due
Though much attention has centered on the closure of rural hospitals, quieter transformations could reshape healthcare for all patients.
Hundreds rally to protest the planned closure of the Academy of Natural Sciences museum
The crowd was decidedly intergenerational.
Sanford Health Patient Advances Suit Over Meta Data Disclosures
Sanford Health Corp. failed to convince a federal judge to toss a proposed class action alleging the Minnesota-based health system collected and disclosed patients’ personal information in violation of state and federal laws.
What to watch as Republicans gather in Dallas for Trump's unusual midterm convention
President Donald Trump and thousands are expected to arrive in Dallas this week. What to know about candidates, road closures and security
MedStar Washington Hospital Center nurses host community forum on maternal health care cuts, the future of health care in DC
Union registered nurses at MedStar Washington Hospital Center in Washington, D.C. will hold a community forum on Wednesday, Sept. 9, 2026, to discuss the closure of postpartum unit 5F at Washington Hospital Center, the devastating impact of Medicaid cuts in DC, and building a health care system that works for us all.
Kamin Science Center using multi-day closure to refresh exhibits on all floors
Officials say the museum is using the mid-week closure to refresh and maintain exhibits and visitor experience across all five floors.
Swan Island businesses brace for I-5 closure
Freight, shipyard and service businesses have little room to dodge the traffic.
Nykredit A S Invests $1.96 Million in Tencent Music Entertainment Group Sponsored ADR $TME
Nykredit A S bought a new stake in Tencent Music Entertainment Group Sponsored ADR (NYSE:TME - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 235,170 shares of the company's stock, valued
Week In Review: A historic social media settlement’s youth mental health implications
We’re rounding up last week’s news, from potential school closures in Portland to major AI pushback in two districts.
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
North Portland businesses brace for I-5 Rose Quarter closure starting Sept. 11
Portland small business owners along North Williams Avenue are preparing for the Interstate 5 southbound closure through the Rose Quarter.
Protesters push to stop Academy of Natural Sciences from closing museum
A protest is set to take place outside the Academy of Natural Sciences of Drexel University on Tuesday, Sept. 8, to stop the closure of the museum.
Wedmont Private Capital Sells 102,325 Shares of Hinge Health Inc. $HNGE
Wedmont Private Capital reduced its holdings in shares of Hinge Health Inc. (NYSE:HNGE - Free Report) by 76.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,978 shares of the
Babylon Bee challenges New Mexico AI political content law
The lawsuit asks if New Mexico can require disclosures on AI-generated political content without violating First Amendment protections for satire and parody
Wrightsville Beach police respond to armed man experiencing mental health crisis
Wrightsville Beach police responded Saturday morning to a report of an armed man experiencing a mental health crisis, prompting a temporary road closure and evacuation of nearby residents.
10 affordable options for Philly families beyond the Academy of Natural Sciences
With the announced closure of the Academy of Natural Sciences, here's other kid-friendly institutions in Philadelphia that offer indoor fun at a similar price.
Mental health groups have ‘failed to acknowledge’ risk of violence, says Mind chief
Sector has avoided issue because of stigma fears, expert warns ahead of closure of Nottingham attacks inquiry
Treg Taylor is back in Alaska’s race for governor after election officials reverse decision
The former Alaska attorney general had previously been removed from the ballot for failing to follow the state’s financial disclosure laws.
Former Kentucky Governor Is Arrested Amid Child Support Battle
Matthew Bevin, the former Republican governor, was held in contempt for failing to abide by court orders to file financial disclosure documents, a lawyer said.
Crowds visit Academy of Natural Sciences museum weeks before closure
The Academy of Natural Sciences of Drexel University museum will close Sept. 30. Officials say the future of its collections remains undecided.
MediaDailyNews: Meta To SCOTUS: Review Washington Political Ad Disclosure Law
Washington State's disclosure mandates "are so burdensome that they have forced Meta, Google, and other online platforms to ban political advertising in Washington altogether," Meta says in papers filed this week with Justice Elena Kagan.
ASUS Shows RTX Spark Mini PCs and Laptop Designs at IFA 2026
At IFA 2026 in Berlin, Germany, ASUS introduced mini PCs and laptops powered by NVIDIA's RTX Spark SoC. Starting with the GR1X mini, ASUS showcased the power of the RTX Spark N1X in grey or black aluminium enclosures. These are available with up to a 6,144-core GeForce RTX "Blackwell" GPU,...
Prime Healthcare ‘unable' to provide answers on cuts to OB/GYN, pediatric units at 3 hospitals, Illinois Rep. says
Illinois Rep. Lauren Underwood, a nurse, says Prime Healthcare has made "no plans to help moms" after the system announced closure of its labor and delivery units at three Chicago-area hospitals.
Mold, warm shrimp and a car crash: Latest Reno health inspections
A car accident, moldy strawberries and raw shrimp and pork left out overnight prompted closures and citations during health inspections in mid-August.
PCHC announces layoffs, Bangor office closure amid financial struggles
Penobscot Community Health Care is in the middle of what officials describe as "ongoing financial challenges."
BizTimes editor talks on Channel 12 about Water Street business closures
BizTimes editor Andrew Weiland joins the 4 p.m. newscast on WISN-TV Channel 12 each week to discuss the latest business headlines in southeastern
CDL training school says closure by federal officials ‘political’
The Federal Motor Carrier Safety Administration cited graduates of United CDL for not having the requisite English language skills to earn their licenses.
Baptist Health scoops up Coconut Creek Kohl’s store for $54M
Baptist Health South Florida dropped $53.5 million on a Kohl’s department store in Coconut Creek. The retailer, led by CEO Michael Bender, sold the 92,700-square-foot stand-alone store at 6950 North State Road 7 for $577 per square foot. Kohl’s acquired the 8.2-acre property for $14.8 million in 2008, soon after the store was built. Last year, the company announced plans to shutter 27 stores in underperforming locations, though no additional closure announcements have been made since then. The store is still open, and plans for the site are being evaluated, a Baptist Health spokesperson told the South Florida Business Journal. […]
The Academy of Natural Sciences’ museum closure: what we know
Philly’s beloved Academy of Natural Sciences’ museum is closing at the end of the month. Here’s how the government, organizations and public have gotten involved in the discourse
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Longtime flea market announces closure after 47 years in business
Luke's Flea Market owner Judy Rice says she is retiring.
Billionaire investor Leon Black sues and declines to testify in House committee’s Epstein investigation
Billionaire investor Leon Black is suing the House committee investigating Jeffrey Epstein to try and block the panel from obtaining his non-disclosure agreements and testimony.
Fall events planned to support businesses through Blatnik Bridge closure
Marketing fairs, weekly construction updates and customer-tracking data are among efforts aimed at helping businesses weather the five-year rebuild of the Blatnik Bridge.
Legal & General Group Plc Invests $6.41 Million in PENN Entertainment, Inc. $PENN
Legal & General Group Plc purchased a new stake in PENN Entertainment, Inc. (NASDAQ:PENN - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 299,874 shares of the company's stock, valued at approximately $6,405,000. Legal
Dallas businesses, residents brace for road closures, security ahead of RNC midterm convention
Beijing investigates researchers after Student Geng allegations
NSFC names more than 40 researchers at 31 institutions in its biggest disclosure to date, following blogger’s allegations in April.
Cape Girardeau coffee shop closure highlights small business struggles
Downtown business owners said The Ground-a-Bout closure reflects a troubling trend and pointed to a lack of foot traffic in the area.
Cape Girardeau coffee shop closure highlights small business struggles
The owner of The Groundabout announced on social media Monday that all four of its shops are closing, including its cafe on Broadway in downtown Cape Girardeau. Other downtown business owners said the closure reflects a troubling trend and pointed to a lack of foot traffic in the area.
What’s behind the wave of Water Street business closures?
BizTimes Milwaukee editor Andrew Weiland discusses the recent closures of Lowcountry and Silk on Water, the district’s public safety concerns and what it could take to revitalize the downtown entertainment corridor.
Mount Nittany Health profited over $96M last year, union claims amid contract disputes
CENTRE COUNTY, Pa. (WTAJ) — New quarterly disclosures for Mount Nittany Health reveal the health system has amassed $96 million in total profits over the last 12 months, according to SEIU Healthcare P...
The trial over Tupac Shakur’s murder ended with a guilty verdict. But did it bring closure?
A Las Vegas jury has convicted Duane “Keffe D” Davis of first-degree murder in the 1996 killing of Tupac Shakur.
Energy technology company to close Tualatin facility, eliminate 87 jobs
The closure of the Schneider Electric facility is the second plant closure announced this week in the Portland area.
What Happens When AI Starts Doing Business with AI?
As AI agents increasingly interact with one another on commercial platforms, firms need new rules governing what those agents can see, decide, and do. In a controlled AI-to-AI simulation covering 160 governance runs and 2,560 observations, researchers tested four governance mechanisms: information disclosure, agent autonomy, reputation signals, and structured interaction protocols. Rich, machine-readable information helped agents identify promising counterparties, while greater autonomy improved their ability to move opportunities toward commitment. Reputation signals helped agents determine which opportunities deserved attention. Rigid interaction protocols, however, reduced engagement and exchange progression. The findings suggest that firms should establish clear levels of agent authority, run bounded experiments, provide structured information and reputation signals, and design explicit handoffs from agents to human decision-makers.
Here’s what’s new in College Park’s business scene
From Peter Chang Kitchen & Bar’s closure to renovations in the Lidl grocery store, a lot has changed in College Park’s business scene this summer.
Key Texas county votes to cut polling sites ahead of the midterms
Officials in Tarrant County, the third most populous in Texas, approved a plan to reduce the number of polling locations by 92 compared with the 2022 elections.
The Academy of Natural Sciences is closing its museum after nearly two centuries
The closure does not affect the rest of the institution, which builds and maintains the collections and conducts research through departments such as the Patrick Center for Environmental Research.
Pajaro Valley Unified hires new chief business officer after years of CBO turnover
Pajaro Valley Unified School District's governing board hired Victoria Knutson, currently Newark Unified's chief business officer, to fill the CBO role at a $248,418 salary — the district's fourth person in that position in roughly three years, as trustees hope her experience will help guide upcoming school closures.
Bennettsville construction projects bring detours, challenges for local businesses
Driving through Bennettsville has become a maze of detours, road closures and changing traffic patterns as crews work on major water, sewer and road projects th
CDFW News | Del Norte County Razor Clam Fishery Opens After One-Month Closure Due to Public Health Hazard
California Department of Fish and Wildlife Director Meghan Hertel has opened the recreational razor clam fishery in Del Norte County following a recommendation from state health agencies that domoic acid no longer poses a significant threat to human health if consumed.
Live Nation Entertainment, Inc. $LYV Stock Holdings Decreased by Wellington Management Group LLP
Wellington Management Group LLP trimmed its position in Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 31.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,891,959 shares of the company's stock after selling 873,002 shar
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.