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Politics & Power: AI data centers spark backlash over costs, environment, security

Nick Allard, Dean of the Jacksonville University School of Law, joins News4JAX anchor Bruce Hamilton on this week's episode of "Politics & Power" to discuss AI's growth and rising concerns about utility costs, environmental impact, and data security.

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Sep 1 • 7:00 AM EDT • Politics • news4jax.com
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Whistleblower says USPS system Trump ordered for mail ballots is flawed and untested

An executive order from Trump, which is stymied in the courts, required the Postal Service to rapidly build a complex system to vet mail ballots.

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Sep 1 • 6:00 AM EDT • Politics • nbcnews.com
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House to vote on stopgap funding bill as lawmakers scramble to avoid government shutdown

Speaker Mike Johnson to launch a floor vote designed to prevent any federal shutdown before the November midterms

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Sep 1 • 5:54 AM EDT • Politics • theguardian.com
John Roberts often defers to Trump but not for the White House ballroom project

“That construction is likely unlawful,” Roberts wrote in dissent with the court’s liberals as Trump’s ballroom moves ahead

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Sep 1 • 4:00 AM EDT • Politics • cnn.com
Bay Area sports calendar, Sept. 1-2

Lawrence Butler and the A's will face the Rangers at 5 p.m. Tuesday. (NBCSCA)

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Sep 1 • 1:00 AM EDT • Sports • sports.yahoo.com
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OpenClaw 2.0 is here: What it means for enterprises

OpenClaw is making another bet: that enterprises ultimately need an agent platform to function as both runtime and workplace.

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Aug 31 • 11:26 PM EDT • Technology • venturebeat.com
Bipartisan lawmakers call for restrictions on Flock cameras
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Aug 31 • 11:24 PM EDT • Politics • cnn.com
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$7.5-billion California science bond measure awaits Newsom’s sign-off

California lawmakers sent a $7.5-billion science research bond measure to Gov. Gavin Newsom. If signed, it would go before voters on the March 2028 ballot.

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Aug 31 • 10:41 PM EDT • Science • latimes.com
‘Most’ of Star Wars Zero Company studio Bit Reactor was furloughed ahead of launch

Last week was meant to be a moment of triumph for Bit Reactor, the Maryland-based game studio founded in 2021 with ambitions to create a great new tactical combat game. On Thursday, August 27, Bit Reactor’s debut title, Star Wars Zero Company, released to stellar reviews. And, from the Gamescom show in Cologne, Germany, studio co-founder Greg Foertsch was giving interviews discussing what the studio’s next game may be. But for many developers on the game, launch has been bittersweet. Fans love it. Critics prefer it to most recent Star Wars games. Zero Company, which is out for PS5, Xbox Series consoles and PC, is the top-selling game on Steam. Much of the team that made it, however, is currently going without pay. They were furloughed, just weeks ahead of the game’s launch. A rep for Bit Reactor confirmed to Game File today that the studio had furloughed many of its workers prior to the game’s release. They said it was a difficult decision and one that had been made before it was clear how launch would go. The rep emphasized that the call to do this was Bit Reactor’s alone (meaning not from publisher EA nor Star Wars license holder Disney). While the rep declined to comment on the scale of the furloughs, a previously unreported lawsuit brought by studio co-founder Alison Kelly in 2024 noted in a filing from August 12 of this year that Bit Reactor “has furloughed most of its employees and terminated contractors…” One source told Game File the furloughs impacted 80% of the team; another referred to there only being a skeleton crew left on Bit Reactor’s active payroll, ready to address any of Zero Company’s post-launch bugs. The issue is that Bit Reactor, a studio formed in 2021, had run out of most of its money just ahead of the launch of its first game. Over the weekend, Zachariah Scott, a senior technical artist who worked at Bit Reactor from early 2023 until an acrimonious exit this past May, said on LinkedIn that the studio was “concealing the fact that the team was Furloughed weeks ago.” Reached by phone today, Scott told Game File that he spoke to nearly a dozen Bit Reactor workers over the weekend. “Everybody has essentially the same story, which is, ‘Yeah, I got furloughed three weeks ago.” The Bit Reactor rep told Game File that the studio hoped to bring furloughed workers back, suggesting that a successful launch of the game could be impactful. Scott told Game File that workers he spoke to were less confident that even if there were returns, that all who were furloughed would get their old jobs again. A heated dispute Bit Reactor’s mid-2026 was almost even more tumultuous. The lawsuit by co-founder Alison Kelly that first revealed the furloughs was initially slated to go to trial in June. The suit is a she-said/he-said about whether Kelly, until 2024 the chief operating officer of Bit Reactor, was a co-owner of the studio or whether it was solely owned by Greg Foertsch. In July 2024, Kelly sued, saying she was pushed out by Foertsch. She first sued in federal court and later refiled in Maryland’s Baltimore County, alleging breach of contract and that Foertsch had unjustly enriched himself. Kelly cited damages of over $20 million, on the basis of Bit Reactor allegedly being worth more than double that. Foertsch’s side has said Kelly was never a co-owner and has countered with claims about her job performance (which she has denied). The June trial was postponed until early 2027, as both sides have been deposing witnesses and filing more claims and denials along the way. Amid all of that, filings in the lawsuit reviewed by Game File paint a picture about Bit Reactor’s origins, early aspirations around tactics games, the team’s breakthrough in drawing the attention of Electronic Arts with the help of a pitch tied to one of EA’s non-Star Wars franchises, and early fractures among its co-founders. The real story about the company behind Zero Company

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Aug 31 • 10:23 PM EDT • Technology • gamefile.news
PlayStation Is Set to Pay Out $7.85 Million to Users as Part of Class-Action Lawsuit

PlayStation users may be eligible for a cut of a $7.85 million class-action lawsuit settlement very soon.

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Aug 31 • 6:31 PM EDT • Technology • ign.com
Some registered Delaware voters can still choose a political party prior to voting in the primary

Voters automatically registered to vote at the DMV can still choose a party and vote in the 2026 Delaware Primary Election.

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Aug 31 • 6:29 PM EDT • Politics • delawarepublic.org
Federal Trade Commission and 22 states sue Amazon over advertising prices

The lawsuit claims that Amazon overcharged 1.2 million advertising customers by misleading them on prices for online auctions for ads

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Aug 31 • 6:21 PM EDT • Business • spectrumlocalnews.com
Exciting new entertainment venue + bar now open in Woodlawn

🍸 NEW BAR IN WOODLAWN: Check out The TreeBar & Courtyard now serving up good drinks + good vibes in Birmingham.

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Aug 31 • 4:53 PM EDT • Entertainment • bhamnow.com
Supreme Court lets White House continue construction on Trump's $400M ballroom

The lawsuit will return to lower courts, but documents say that key portions of the project could be complete within months

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Aug 31 • 4:51 PM EDT • Politics • spectrumlocalnews.com
Supreme Court lets White House continue construction on Trump's $400M ballroom

The lawsuit will return to lower courts, but documents say that key portions of the project could be complete within months

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Aug 31 • 4:17 PM EDT • Politics • spectrumlocalnews.com
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OpenClaw 2.0 pours glitter on slow-burning security dumpster fire

Making installation easier and putting a new wrapper on the interface while leaving most of the security to users is a recipe for more trouble with the popular agent harness

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Aug 31 • 3:13 PM EDT • Technology • theregister.com
Tackling lawsuit abuse on Inside West Virginia Politics

CHARLESTON, W.Va. (WOWK) – On this week’s episode of Inside West Virginia Politics, our guests join Rick Johnson to discuss giving away water, lawsuit abuse, housing children and a congressional ru…

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Aug 31 • 2:59 PM EDT • Politics • wowktv.com
Lawmakers walk out during Wyoming Business Council reform talks

by Dustin Bleizeffer, WyoFile At least five lawmakers walked out of a rare combined hearing of two separate legislative committees Friday morning after

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Aug 31 • 2:01 PM EDT • Business • oilcity.news
Lawmakers walk out during Wyoming Business Council reform talks

by Dustin Bleizeffer, WyoFile At least five lawmakers walked out of a rare combined hearing of two separate legislative committees Friday morning

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Aug 31 • 2:01 PM EDT • Business • capcity.news
Lawmakers walk out during Wyoming Business Council reform talks

by Dustin Bleizeffer, WyoFile At least five lawmakers walked out of a rare combined hearing of two separate legislative committees Friday morning after convening to compare notes on overlapping bills aimed at reforming the Wyoming Business Council. The future of the state’s top economic development shop has stakes for how prepared Wyoming communities are to host […]

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Aug 31 • 2:01 PM EDT • Business • county17.com
Maine lawmakers call on MaineHealth to keep Lincoln County labor unit open

Another labor and delivery unit in Maine is slated to close before the end of the year. A Maine Legislature committee is trying to take action to keep services open.

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Aug 31 • 10:36 AM EDT • Health • wmtw.com
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House lawmakers return to Washington with stopgap funding bill among priorities

The bill would keep the federal government fully funded through early December, removing the possibility of a shutdown before the midterm elections

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Aug 31 • 10:11 AM EDT • Politics • spectrumlocalnews.com
House lawmakers return to Washington with stopgap funding bill among priorities

The bill would keep the federal government fully funded through early December, removing the possibility of a shutdown before the midterm elections

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Aug 31 • 10:11 AM EDT • Politics • spectrumlocalnews.com
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Meta’s Business Set to Escape Lawsuits Unscathed

Meta’s $17 billion settlement with state attorneys general includes a long list of restrictions for teen users, but it won’t hold back its underlying business.

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Aug 31 • 9:35 AM EDT • Business • kiplinger.com
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New Texas laws expand repair rights, regulate solar sellers and recognize gold as money

Texas laws taking effect Sept. 1 will change how consumers repair electronic devices, strengthen oversight of residential solar sales and allow certain forms of gold and silver to be used as legal tender.

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Aug 31 • 9:02 AM EDT • Politics • houstonpublicmedia.org
California lawmakers greenlight a new San Diego sports arena, bypassing environmental hurdles

California leaders pushed through a controversial last-minute deal to protect the major project from environmental lawsuits.

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Aug 31 • 8:15 AM EDT • Sports • calmatters.org
California to get more power to sue big businesses under anti-monopoly bill going to Newsom

California prosecutors would gain new powers to sue big businesses over anti-competitive practices under a bill Democratic lawmakers sent to Gov. Gavin Newsom.

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Aug 31 • 8:05 AM EDT • Business • calmatters.org
In Texas, ordinary Muslim religious practices are increasingly being treated as political threats

After 9/11, suspicion of Islam hardened into an assumption in Texas that Muslim identity itself signals danger, writes a scholar of constitutional law.

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Aug 31 • 8:01 AM EDT • Politics • theconversation.com
EA SPORTS Presents College Football 27 Ultimate Tailgate for UT students on September 10

Chris Stapleton to headline concert on the LBJ Lawn!

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Aug 31 • 8:00 AM EDT • Sports • texaslonghorns.com
OpenClaw that Sam Altman spent billions on and claims to have beaten GTA 6 gets 'largest update in its history'

OpenClaw has rolled out OpenClaw 2.0, marking the most extensive software upgrade in the open-source artificial intelligence (AI) agent platform’s history since its debut last year. Announcing the release, the development team playfully referenced Rockstar Games’ upcoming November title launch with the social post, “HA!

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Aug 31 • 6:57 AM EDT • Technology • timesofindia.indiatimes.com
Democratic lawmakers introduce bills expanding health coverage for low-income Michiganders

Last week, a pair of Democratic lawmakers from the Michigan House and Senate shared that they were working on legislation to ensure more Michigan residents can access healthcare.

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Aug 31 • 6:01 AM EDT • Health • michiganadvance.com
House returns with vote expected on Senate bill to prevent government shutdown

Lawmakers could also vote on condemning socialism and censuring GOP Rep. Chuck Edwards.

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Aug 31 • 6:00 AM EDT • Politics • cbsnews.com
High-Signal Publisher
Virginia health leaders, lawmakers share enhanced healthcare resources for rural communities

Eastern Shore residents and healthcare providers on Friday told state leaders about the opportunities and challenges they face serving their communities, with Virginia Secretary of Health and Human Resources Marvin Figueroa outlining how the state government can support them and other rural Virginians.

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Aug 31 • 5:28 AM EDT • Health • virginiamercury.com
The U.S. Supreme Court removed limits on political parties coordinating with candidates. What does that mean for Philly’s elections?

Local elections lawyers said the Supreme Court's decision could potentially boost the spending power of Philly's political parties.

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Aug 31 • 5:01 AM EDT • Politics • inquirer.com
Downtown Myrtle Beach business owners want drastic plan for homeless

Earlier this month, city police arrested multiple people under a loitering ordinance that's now the subject of lawsuits.

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Aug 31 • 5:00 AM EDT • Business • postandcourier.com
MeToo part deux is coming to U.S. politics

Activists are driving a renewed MeToo‑style reckoning in U.S. politics, pushing parties and lawmakers toward stronger accountability for sexual misconduct.

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Aug 31 • 2:30 AM EDT • Politics • japantimes.co.jp
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South Korea court finds Unification Church leader Han guilty

A ​South Korean ‌court on Monday ​found ​Unification Church leader ⁠Han Hak-ja ​guilty ​in a case concerning political ​funds ​law violations and ‌bribery ⁠tied to alleged efforts ​to ​cultivate ⁠influence with ​former ​President ⁠Yoon Suk Yeol's ⁠administration.

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Aug 31 • 1:53 AM EDT • Politics • reuters.com
Lawmakers send bills to Newsom shoring up ballot security, transparency for paid political posts

California lawmakers on Sunday approved bills aimed at preventing interference in this fall’s midterm elections and requiring more transparency from social media influencers who are paid by political campaigns.

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Aug 31 • 12:25 AM EDT • Politics • latimes.com
Vanderbilt University Medical Center sued after allegedly exposing dozens of patients to bloodborne pathogens

Many of the details are unknown, but a primary plaintiff in the lawsuit said the exposure stemmed from a contaminated solution used during a 2024 colonoscopy. An attorney representing the patient said as many as 100 people could have been exposed to bloodborne pathogens.

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Aug 30 • 11:32 PM EDT • Health • healthexec.com
Probabilities Archive: Gene Wolfe (1931-2019), Science Fiction Grandmaster, 1982

The acclaimed science fiction/fantasy writer Gene Wolfe died in 2019 at the age of 87. In this interview recorded in 1982, he discusses his interest in science fiction, as well as the writing of his early novels. He’s interviewed by Richard A. Lupoff, Lawrence Davidson & Richard Wolinsky. Digitizing, remastering & re-editing by Richard Wolinsky in 2019. (photo from 2014, wikimedia)

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Aug 30 • 11:10 PM EDT • Science • kpfa.org
California Antitrust Bill Narrowed After Business Pushback

California lawmakers have pared back a proposal that would expand the state’s antitrust law to cover anticompetitive conduct by individual companies,

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Aug 30 • 2:48 PM EDT • Business • pymnts.com
California Politics 360 full episode | Rep.-elect Aisha Wahab prepares for transition to US Capitol

State lawmakers have until Aug. 31 at midnight to change or create new laws for the year.

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Aug 30 • 11:25 AM EDT • Politics • kcra.com
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College sports kicks off its season under the long shadow of court fights over eligibility

Threats and lawsuits have rocked college sports for weeks. The NCAA's new five-year eligibility rule has led to lawsuits, with all major conferences barring players from returning after turning pro.

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Aug 30 • 9:32 AM EDT • Sports • kcbd.com
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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.

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Openings, closings and more Centre County business news you may have missed

One notable development stemmed from a lawsuit seeking nearly $1.2 million in unpaid rent at a State College high-rise.

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Aug 30 • 8:27 AM EDT • Business • centredaily.com
College sports kicks off its season under the long shadow of court fights over eligibility

Threats and lawsuits have rocked college sports for weeks. The NCAA's new five-year eligibility rule has led to lawsuits, with all major conferences barring players from returning after turning pro. The Big 12 earlier went to court against Texas Tech over a player who gambled. Courts are heavily ...

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Aug 30 • 8:13 AM EDT • Sports • wral.com
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Lawsuits and threats: College sports face instability in 2026

Threats and lawsuits have rocked college sports for weeks. The NCAA's new five-year eligibility rule has led to lawsuits, with all major conferences barring players from returning after turning pro.

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Aug 30 • 8:10 AM EDT • Sports • apnews.com
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Grading The Jaguars Trade For QB Quinn Ewers

Jacksonville upgrades its QB room behind Trevor Lawrence, acquiring high-upside backup Quinn Ewers for a late-round pick in 2028.

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Aug 30 • 7:07 AM EDT • Sports • sports.yahoo.com
Xero Adds AI, Google Targets Law Firms And Claude Beats ChatGPT: 5 Small Business Tech Stories

Xero adds AI tools, Google expands Gemini for law firms, LinkedIn fights AI slop, Goldman warns of AI risks, and Claude tops user satisfaction.

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Aug 30 • 7:00 AM EDT • Business • forbes.com
California's new attempt to help struggling newsrooms faces key test

A new plan by California lawmakers to help fund the state's struggling journalism organizations could advance in the coming days but faces an uncertain future. Assembly Bill 2222 would create

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Aug 30 • 5:00 AM EDT • Entertainment • thederrick.com
Loyola hires new top lawyer; ex-Saints staffer picked to tourism post; homecoming for new CFO

Take a look at some of the recent promotions and new hires announced at south Louisiana businesses.

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Aug 30 • 5:00 AM EDT • Business • nola.com
Jaguars Bolster Quarterback Depth With Trade with Dolphins

The Jacksonville Jaguars bolster their quarterback depth behind Trevor Lawrence and Nick Mullens with the trade for Miami Dolphins backup, Quinn Ewers

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Aug 29 • 6:25 PM EDT • Sports • sports.yahoo.com
California lawmakers strike wildfire deal that leaves out most of Newsom’s big demands

Newsom backed off his plan to ease utilities' wildfire costs after Democratic lawmakers refused to shift the burden to insurers and survivors

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Aug 29 • 5:40 PM EDT • Politics • calmatters.org
Sony says Claude trained on pirated lyrics, seeks $150K a song

In a new lawsuit, Sony Music and Warner Chappell say Anthropic used "thousands upon thousands" of songs to train Claude, including "Eye of the Tiger."

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Aug 29 • 3:05 PM EDT • Business • businessinsider.com
Retirees are pouring into this coastal getaway – and it's feeling the strain

Sussex County, Delaware, saw 40,000 new residents since 2020, with retirees drawn by low property taxes and no sales tax straining healthcare and schools.

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Aug 29 • 12:57 PM EDT • Business • foxbusiness.com
Money and Politics in Delaware: August 29, 2026

Money and Politics in Delaware is your link to finance, business and policy in the First State.

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Aug 29 • 7:00 AM EDT • Politics • delawarepublic.org
California Passes AB-1856 For Open-Source Relief Over Age Verification

As an update to the May story about California's age verification law may end up exempting most Linux distributions, that AB-1856 bill has finally passed!

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Aug 29 • 6:48 AM EDT • Technology • phoronix.com
Movie Review: What's up, flop? The toon-human hybrid 'Coyote vs. Acme' should've stayed on shelf

Some Hollywood decisions defy logic. Like, who looked at the world of Looney Tunes, those unhinged cartoons of our youth, and thought: Let’s add a bunch of personal injury lawyers.

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Aug 29 • 12:15 AM EDT • Entertainment • indianagazette.com
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Giants Urged to ‘Keep an Eye On’ Francis Mauigoa Flaw

The New York Giants have been urged "to keep an eye on" a potential problem involving rookie guard Francis 'Sisi' Mauigoa. The post Giants Urged to ‘Keep an Eye On’ Francis Mauigoa Flaw appeared first on HEAVY.

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Aug 28 • 11:43 PM EDT • Sports • sports.yahoo.com
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Judge rules Trump unlawfully targeted foreign students who criticized Israel

The ruling was a win for Stanford’s student newspaper, The Stanford Daily, and it followed another court victory for students targeted by the Trump administration last year.

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Aug 28 • 11:41 PM EDT • Politics • seattletimes.com
Lindsay Clancy trial: Psychiatrist resigns after testimony

Dr. Avram Mack, a psychiatrist who worked in the behavioral health department with Nemours Children’s Health in Delaware, resigned Monday,

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Aug 28 • 11:20 PM EDT • Health • bostonglobe.com
Pennsylvania lawmaker to propose bill establishing universal healthcare within the state

HARRISBURG, Pa. (WTAJ) — State Rep. Nikil Saval (D-Philadelphia) plans to introduce legislation that would establish a universal single-payer health care system in Pennsylvania. In a memo circulate…

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Aug 28 • 11:16 PM EDT • Health • abc27.com
Federal judge blocks Trump mail-in voting rule challenged by WA

The coalition of 25 states now seeks a preliminary injunction to stop the rule from taking effect while the lawsuit proceeds and until a final court decision is made.

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Aug 28 • 8:38 PM EDT • Politics • seattletimes.com
Letters: Supreme Court’s decision on voting by mail is clearly political

Also: Usurping control | Environmental laws | Fiscal responsibility | USS Lincoln | Costly disaster. Mercury News reader letters to the editor for Aug. 30, 2026.

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Aug 28 • 7:00 PM EDT • Politics • mercurynews.com
Lawmakers walk out during Wyoming Business Council reform talks

Though two separate legislative committees each found agreement, some objected to mixing committee duties.

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Aug 28 • 6:59 PM EDT • Business • wyofile.com
Alaska campaign watchdog says Treg Taylor should not be allowed to run for governor

A state commission says Taylor, a former attorney general, failed to file a financial disclosure as required by law.

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Aug 28 • 5:31 PM EDT • Politics • adn.com
Beshear, Barr feud over impact of 'Big, Beautiful Bill'

A letter from Barr this week demands answers about the governor’s prior statements on the president’s signature tax and spending law

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Aug 28 • 5:13 PM EDT • Politics • spectrumnews1.com
Senior German politicians call for ban on parts of far-right AfD

Boris Pistorius and Cem Özdemir say top court should consider outlawing Alternative for Germany’s most radical flank

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Aug 28 • 4:58 PM EDT • Politics • ft.com
Delaware psychiatrist who testified in Lindsay Clancy case resigns from Nemours, health system says

Avram Mack testified on Friday, Aug. 21, and Monday, Aug. 24, as a prosecution rebuttal witness in the nationally watched case against Clancy.

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Aug 28 • 4:47 PM EDT • Health • inquirer.com
The Division of Small Business Announces New Staff

The Delaware Division of Small Business is pleased to announce the addition of two new staff members: Tatiyana Graves and Kira Manuszak.

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Aug 28 • 3:25 PM EDT • Business • news.delaware.gov
PaperCut releases second emergency patch for exploited flaws

PaperCut has released a second emergency security update for two actively exploited vulnerabilities in its PaperCut NG and MF print management software after researchers discovered multiple ways to bypass the initial fixes.

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Aug 28 • 3:08 PM EDT • Technology • bleepingcomputer.com
California Business Lobby Notches Win on Antitrust Law Expansion

Business interests scaled back a California proposal to significantly expand the state’s antitrust laws, just days before the legislative deadline on Monday.

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Aug 28 • 1:52 PM EDT • Business • news.bgov.com
Good Good's new president joins as the YouTube group weathers scandal

The company brought on a new president right before the fallout from an ad with Callaway began. Critics say the spot promoted violence against women.

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Aug 28 • 1:35 PM EDT • Business • businessinsider.com
Show-Me State Politics: Missouri’s AG discusses Meta settlement & pornography age verification law

KY3’s Tyler Wayne and Missouri Capitol Bureau Chief Hannah Falcon discuss this week in Show-Me State politics.

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Aug 28 • 12:20 PM EDT • Politics • ky3.com
House will vote to denounce socialism

The House of Representatives is set to vote next week when lawmakers return to condemn and denounce “socialism in all its forms,” specifically pointing to the growing Democratic Socialists of America organization. The House voted to condemn socialism last year, but did not specifically call out the DSA. The resolution includes calling for the enactment […]

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Aug 28 • 11:23 AM EDT • Politics • coloradopolitics.com
Good Good's CEO goes nuclear on Callaway after controversial ad

Good Good's CEO blasted the golf equipment company, saying the brand had asked the YouTube group to "take the fall" for a controversial ad.

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Aug 28 • 11:05 AM EDT • Business • businessinsider.com
🙂 Positive (50%)
MaineHealth CEO warns of ‘huge crisis’ in healthcare

Although MaineHealth announced its decision to close the unit earlier this month, those who live near the hospital asked lawmakers Thursday to force the hospital to keep it open while other options are considered.

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Aug 28 • 9:31 AM EDT • Health • spectrumlocalnews.com
New York rep blasts Hochul and Mamdani over business policy

Rep. Mike Lawler, R-N.Y., discusses New York's economic challenges and how it has the highest tax burden in the country.

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Aug 28 • 9:27 AM EDT • Business • foxbusiness.com
New labs boost hands-on learning for Millwood Arts Academy

KOKH Fox 25 provides, news, sports, weather and local event coverage in Oklahoma City and surrounding areas, including McLoud, Shawnee, Tecumseh, Seminole, Wewoka, Maud, Asher, Wanetted, Goldsby, Norman, Blanchard, Chickasha, Pauls Valley, Purcell, Andarko, Bridgeport, Lawton, Duncan, Okarche, Kingfisher, Guthrie Stillwater and Cushing, Oklahoma.

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Aug 28 • 9:10 AM EDT • Science • okcfox.com
Red Bull hands F1 test to protege as it assesses Racing Bulls driver line-up

Nikola Tsolov has completed his first F1 test, driving for Racing Bulls at Imola, while Liam Lawson was on Pirelli tyre test duty for Red Bull at Mugello

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Aug 28 • 6:04 AM EDT • Sports • sports.yahoo.com
White House, hemp lobbyists bet on shutdown politics to delay ‘diet weed’ ban

Lawmakers say the Trump administration is promising to use the one-month punt to work on new regulations.

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Aug 28 • 5:00 AM EDT • Politics • politico.com
California’s political battle over key environmental law brews on two fronts

In recent years, the perpetual CEQA debate has centered on its use — or misuse — as local governments were pressed by the state to increase housing development, particularly apartments for low- and medium-income families.

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Aug 28 • 3:36 AM EDT • Politics • pressdemocrat.com
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Gubernatorial candidates Phil Weiser, Greg Lopez spar, as Marx skips debate

Two of the candidates for Colorado governor squared off in a televised debate on Thursday night, when Attorney General Phil Weiser, the Democratic nominee, and former U.S. Rep. Greg Lopez, an unaffiliated candidate, delved into issues of affordability, data center regulation and gun laws. The debate’s tone was civil. The policy differences between the two […]

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Aug 27 • 11:32 PM EDT • Politics • coloradopolitics.com
Why scientists asked 1,000 people to bury their underwear

More than 1,000 volunteers buried cotton underwear across Switzerland to help scientists measure how active different soils are. The faster the fabric disappeared, the more biological activity was taking place underground. Gardens showed the fastest decomposition, while lawns had the least, revealing how strongly land management can shape soil life.

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Aug 27 • 8:00 PM EDT • Science • sciencedaily.com
‘Turned upside down’: Lawyer describes impact of FBI raids on Behavioral Health CEO
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Aug 27 • 7:44 PM EDT • Health • clickondetroit.com
😐 Neutral (1%)
CT sues Kalshi over unlicensed sports betting

State Attorney General William Tong said what the app does constitutes gambling — making it subject to Connecticut consumer protection laws.

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Aug 27 • 7:00 PM EDT • Sports • ctmirror.org
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Trump Administration Will Appeal Harvard Antisemitism Case

A federal judge earlier ruled against Trump officials in a lawsuit accusing the university of allowing persistent antisemitism on campus.

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Aug 27 • 6:12 PM EDT • Politics • nytimes.com
Wisconsin congressman violates 'spirit' of state law regulating AI in campaigns

In the days leading up to and after the Wisconsin primary, Congressman Derrick Van Orden was posting AI-generated videos of his opponent Rebecca Cooke online.

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Aug 27 • 4:07 PM EDT • Politics • spectrumnews1.com
RFK Jr. said a Samoa trip had nothing to do with vaccines. New documents refute that

Health Secretary Robert F. Kennedy Jr. repeatedly told lawmakers who held the key to his confirmation last year that a 2019 visit to Samoa before a deadly measles outbreak had ” nothing to do with vaccines.” New documents obtained by The Associated Press and The Guardian refute that testimony.

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Aug 27 • 4:00 PM EDT • Health • cnn.com
Parent activist says Meta settlement is 'peanuts,' calls on Zuckerberg to speak out

Cheryl Brown calls Meta's $17 billion settlement "peanuts" after losing her daughter to cyberbullying and urges Congress to pass the Kids Online Safety Act

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Aug 27 • 2:23 PM EDT • Business • foxbusiness.com
Coalition drops Colorado transportation ballot measure after securing deal

The proposed constitutional amendment seeking to dedicate all transportation-related revenue to Colorado’s roads and bridges will no longer appear in this November’s ballot after its proponents reached an agreement with lawmakers following months of negotiations. Initiative No. 175, backed by the coalition Restore Our Roads, would have required that all transportation-related revenue be used exclusively […]

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Aug 27 • 2:04 PM EDT • Politics • coloradopolitics.com
PaperCut warns of NG, MF flaw exploited in zero-day attacks

PaperCut is warning that hackers are actively exploiting a vulnerability in all versions of its PaperCut NG and PaperCut MF print management software in zero-day attacks.

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Aug 27 • 12:31 PM EDT • Technology • bleepingcomputer.com
Selena Gomez asks judge to dismiss ‘absurd’ fraud lawsuit over Wondermind mental health startup

The request comes two weeks after investors in Wondermind filed a lawsuit alleging they were misled into investing nearly $1.2 million in the 2021 start-up.

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Aug 27 • 12:13 PM EDT • Health • nbcnews.com
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Democrats want to draw more safe House seats. It could cost Black lawmakers.

Republicans have added more than a dozen conservative-leaning House districts, giving them a shot at keeping their threadbare majority.

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Aug 27 • 11:31 AM EDT • Politics • detroitnews.com
3 Secret Service officials placed on administrative leave pending investigation

The three were operating in non-law-enforcement capacities and were being investigated for potential misconduct, the agency said

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Aug 27 • 8:41 AM EDT • Politics • spectrumlocalnews.com
Connecticut sues Kalshi to block alleged unlicensed sports gambling

The Connecticut Office of the Attorney General announced the lawsuit.

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Aug 27 • 8:36 AM EDT • Sports • abcnews.com
Is Germany benefitting yet from the crisis in US research?

Science|Business - Table.Media partnershipScience|Business has partnered with Table.Media, a leading source of news about higher education and research in Germany. Each week, we are publishing one of each other’s stories to give readers an even broader range of insight into R&D policy across Europe.Drawing over 500 participants, the German Academic International Network conference in San Francisco brings together researchers, universities, scientific organisations and policymakers in the US as part of an attempt to recruit international talent for Germany. It also serves as an annual barometer for the uncertainty triggered by the Trump administration’s science policies. As was the case last year, Germany’s political presence was unusually strong: federal lawmakers, nine state ministers of science and research, and federal research state secretary Marcus Pleyer all attended. Joybrato Mukherjee, president of the German Academic Exchange Service (DAAD), has observed a marked shift at US universities a year after the Trump administration began sweeping interventions: the initial state of "shock and paralysis" has given way to a strategic approach to the situation. Universities are seeking new funding sources, mounting legal challenges against interventions and opening themselves up more to international collaborations, including with Germany, he said. Early-career international researchers with expiring visas are considered particularly vulnerable. Germany is benefiting from increased demand among this pool of young talent; the country’s 1,000 Minds Plus programme, designed in part to lure German academics back home, has already filled up around one-third of its capacity. Meanwhile, Markus Blume, Bavaria’s science minister and current chair of the federal Conference of Science Ministers, sees an "enormous outflow of talent from the US." An increasing number of international researchers want to leave. Applications to Canada have risen by 42% January, and those to Europe by 32%. Meanwhile, the number of people drawn to the US is plummeting. "In this context, Germany must position itself as a prime destination offering reliable conditions, institutional stability and academic freedom, including through smart collaborations," Blume told Table.Briefings.“Darkest hour”At the get-together in San Francisco, the former president of the US National Academy of Sciences, Marcia McNutt, highlighted the gravity of the situation on the ground in a keynote address. She described the present moment as the "darkest hour for the US scientific system." At the same time, she said that cooperation should be maintained, especially during a crisis. Established researchers in the US are less likely to leave. Ulrike Malmendier, a former member of the German Council of Economic Experts and an economist at Berkeley, explained why established researchers are not packing their bags and leaving the US in droves: working conditions and the concentration of talent at places like Berkeley and Stanford remain unparalleled. According to Peter-André Alt, managing director of the Wübben Foundation, which helps Germany attract international academics, political restrictions are not the only grievance voiced by US-based researchers. "There are evidently still many areas where, fortunately, unfettered research is possible," Alt told Table.Briefings. Instead, the primary complaint concerns the cost of living, which has "skyrocketed” to absurd levels. "Runaway inflation, like that currently seen in the US, is certainly no draw for young scientific talent,” he said. Return homeA growing number of early-career researchers from Germany appear to be considering a return home. Jörn Benzinger, who is responsible for recruiting early-career researchers from abroad at Ruhr University Bochum, reports numerous conversations with researchers who are taking a closer look at the German academic landscape."Germany has definitely moved more into the spotlight,” he said. States, university alliances and research organisations joined forces to recruit talent. Bavaria, Baden-Württemberg and North Rhine-Westphalia were prominently represented, as were alliances such as the Berlin University Alliance and the University Alliance Ruhr. Benzinger sums up Germany’s approach with a new formula: "collaboration is the new competition." He notes that it is becoming increasingly difficult for individual universities to gain international visibility, while regional research ecosystems and collaborations are growing in importance. Afraid to leaveThe crisis in the US academic sector is also straining transatlantic research relations. Benzinger reports that some US-based researchers had to decline brief invitations to Germany because they could not be certain of being allowed to re-enter the US afterward.He considers the simple poaching of researchers to be the wrong approach; what is needed, he says, are "reliable offers and long-term partnerships."However, Green Party politician Ayşe Asar, who also attended the conference, sees a significant need for improvement, particularly regarding career paths in Germany.While lifetime professorships and academic freedom certainly make Germany attractive, young researchers also require predictable career paths, tenure-track positions and flatter hierarchies.

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Aug 27 • 8:00 AM EDT • Science • sciencebusiness.net
Can California help lower the cost of GLP-1s? Here’s what lawmakers are proposing

An LA-area Democrat wants California to partner with drug manufacturers to make weight loss drugs cheaper — drawing on her own experience paying out of pocket.

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Aug 27 • 8:00 AM EDT • Health • calmatters.org
Different State Regulatory Approaches Reflect Open Questions About AI Mental Health Tools

States are taking different regulatory approaches to AI mental health tools in response to concerns about chatbots providing inaccurate or potentially dangerous advice. Laws and pending legislation in some states restrict AI from providing or advertising itself as therapy, while others focus on data protections, disclosures, and patient consent requirements.

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Aug 27 • 8:00 AM EDT • Health • kff.org
The Campaign to Create Second-Class Citizens

GOP lawmakers are pushing to restrict the rights of naturalized and dual citizens—including their ability to run for office.

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Aug 27 • 6:00 AM EDT • Politics • theatlantic.com