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UW pays $600K to settle lawsuit with computer science professor over parody land acknowledgment
Stuart Reges was disciplined by the University of Washington after including a parody land acknowledgment in a course syllabus. The U.S. Court of Appeals for the Ninth Circuit found university officials violated Reges' academic freedom rights.
Everything announced at Sony's State of Play September 2026
Here's a full rundown of everything featured during Sony's latest State of Play PS5 showcase, including Wolverine and more.
PlayStation And Xbox Hit Back At Gamer Lawsuits Demanding Tariff Refunds: 'There Is Nothing Unjust About Plaintiff Purchasing An Xbox At An Advertised Price And Getting Exactly What He Paid For'
The companies say there's no proof anyone was harmed
How Silicon Valley used Main Street’s outrage against California privacy law
New changes to the California Internet Privacy Act promise to stop abusive wiretapping suits. They also quietly shield Big Tech from lawsuits.
Sony and Microsoft request dismissal of consumer lawsuits over tariff refunds
Both companies argue they are not legally required to provide refunds to those who bought price-hiked hardware
Federal judge dismisses DOJ lawsuit challenging California policy allowing biological males in girls’ sports
A federal judge dismissed the Department of Justice lawsuit against California over transgender athletes competing in girls' sports on procedural grounds.
Sony and Microsoft say they’re not obligated to pass U.S. tariff refunds to consumers, echoing Nintendo
Back in July, Sony executives told investors that the company expected to receive $508 million in refunds from the U.S. government, after tariffs that the PlayStation-maker paid were ruled mostly in 2025 were found to be illegal. “Most” of the refund would by recouped by Sony’s gaming division, its chief financial officer said. This week, Sony’s lawyers are arguing that the company is not legally obligated to pass those proceeds on to consumers who paid for recently price-hiked PlayStation consoles. That’s in the face of a lawsuit from gamers calling on them to do exactly that. “Paying fair market price for voluntarily purchased consumer goods is not a legally cognizable injury in fact,” the lawyers wrote in a legal motion filed on Monday, as they asked a judge in California’s Northern District to dismiss a potential class action lawsuit over the tariff refunds. Microsoft made a similar argument two weeks ahead of Sony’s lawyers, in a similar lawsuit brought by a gamer in federal court in Washington State. As Microsoft’s legal team put it on August 21, in their request for a dismissal of that lawsuit: “There is nothing unjust about Plaintiff purchasing an Xbox at an advertised price and getting exactly what he paid for—regardless of whatever theory he devised months later about Microsoft’s cost structure.” Both legal fights are set to go on for some time. How things got to this point U.S. tariffs impacting a wide range of imported goods, including game consoles, had kicked off in early 2025. In May 2025, Microsoft raised the price of its Xbox consoles, citing “market conditions and the rising cost of development.” They raised them again that September. In August of that year, Sony raised the price of PlayStation 5 consoles, citing “a challenging economic environment.” Sony later told investors that its tariff fees for the fall quarter were nearly $200 million. in February of this year, the U.S. Supreme Court ruled the 2025 tariffs illegal, prompting impacted companies to begin to request refunds. In turn, consumers began suing the likes of Sony and Microsoft to get what they said was their share. The gamers in the Microsoft and Sony lawsuits argue that the 2025 price hikes of PlayStation and Xbox consoles, which added $50 or more to their sticker price, were due to illegal tariffs and should now be returned to consumers. The Sony suit started in May, when a group of gamers sued in federal court in California, saying Sony Interactive Entertainment (PlayStation) would be unjustly enriching itself if it did not pass tariff refunds to its PS5 buyers. “Sony is poised to be paid twice for the same unlawful tariff burden: once by its customers (through elevated prices) and once by the U.S. government (through tariff refunds),” the gamers’ lawyers wrote at the time. They called for Sony to partially reimburse anyone who bought a PlayStation in the U.S. since August 1, 2025. The Microsoft suit, filed by gamer Trevor Hastings against the Xbox giant in July, made similar claims. The console makers push back In late July, Nintendo’s lawyers, facing a similar suit accusing them of double-dipping on tariffs and refunds, replied with arguments that previewed Microsoft’s and Sony’s: “Nintendo or one of its retailers set a price for each product, and consumers decided whether that price was worth paying,” they wrote. Sony has buttressed that Nintendo-style argument this week by saying that the gamers have failed to prove that tariffs were the reason for its August 2025 PS5 price hike. They call thatclaim “speculative and illogical.” Other factors, including “inflation, currency fluctuations, component costs, logistics, competitive dynamics, or demand,” could have played a role. (No, the Sony lawyers do not break down the costs and factors that officially triggered the price increases). Microsoft has also argued that there’s no proof in these lawsuits that tariffs drove all or some of the price increase, as it seeks to dismiss the tariff refund suit it’s facing: “Plaintiff provides no specific allegations that would establish any pricing differential attributable to tariffs or suggest any possibility that Microsoft applied then or could recreate now any dollar-for-dollar calculation of tariff-related pricing—any more than it could any other market factor that affects pricing.” To further skewer the gamer side’s argument in its case, Sony’s lawyers have pointed to what might be a surprising defense: yet another PlayStation 5 price hike from this past spring, after the tariffs were ruled illegal. “If the original price increase were attributable to tariffs, SIE [Sony Interactive Entertainment, aka PlayStation] would have had no reason to raise prices again after the Supreme Court invalidated the IEEPA tariffs.” … “If tariffs were the cause of the price increases, one would expect SIE to lower prices once the tariffs were eliminated—not raise them again. Instead, the timeline confirms that the pricing of PlayStation consoles includes a diverse and dynamic set of input costs.” Judges have not yet ruled on the arguments made by Sony, Microsoft or Nintendo. Last week, Panic, the company behind the small, yellow Playdate handheld said it would be passing its tariff refunds on to consumers. It is the only gaming hardware maker to have made such a pledge. Game File is a reader-supported publication. To receive new posts and support my reporting, please consider becoming a free or paid subscriber. Subscribe Item 2: A reporter’s second Second Life Wagner James Au, who from 2003-2006 was paid by San Francisco-based tech company Linden Lab to be a full-time journalist embedded in their virtual world Second Life, is returning to the company. This time, he’ll be an editorial advisor and business development specialist, he tells Game File. The new role will involve trying to share the stories of people inhabiting Second Life’s ongoing online world with reporters and by extension the public. Au plans to continue to also chronicle some of that through his long-running blog New World Notes. I’ve known Au since the mid-2000s and featured him in a 2007 article for the Columbia Journalism Review about reporters like him opening up virtual news outlets within Second Life. As I wrote at the time: On April 22, 2003, writing as Hamlet Linden for the New World Notes blog on Second Life’s Web site, Au introduced himself. “For the next few months, Linden Lab has invited me to set aside my journalist cap, and instead, don the digital beanie of their in-house virtual correspondent.” He wasn’t paid to keep it positive. He wrote about builders and eccentrics, but then in August of that year, he reported on a tax revolt against Linden Lab (a complaint about the fees it charges users who build stuff) led by a resident whose avatar was a big cat. Second Life has always been less of a video game and more of a virtual world where people can live, hang out, make art, sell virtual items and flirt. Back in 2007, Au described touring it as “sort of like underwater lucid dreaming.” For the past two decades, Au has maintained New World Notes as an independent publication. But he said he’s been drawn back to Second Life and Linden Lab as a place to directly work. The virtual world has around 650,000 monthly active users, he said, “which is actually about what it was during the hype wave.” Au says he’s still finding rich stories in Second Life, the kind that keep him interested 20 years into the beat: “Over the last few months for instance, I wrote about an SL creator in Venezuela whose apartment was destroyed by the earthquakes, so the global SL community rallied to get him back on his feet,” he told me. “Then there’s the woman from a Middle Eastern country who explored her lesbian sexuality in SL, then earned enough from her virtual jewelry to escape her abusive family situation and country.” Au wants to beckon more reporters to give Second Life another look. He argues that it is often ahead of internet trends, noting, for example, an early backlash in the community against AI-made art. Now the platform is drawing curiosity from more of the user-generated content community who’ve grown up with the likes of Roblox, according to Au. “Second Life was too early during its hype wave in 2005-2010, but it now feels right for a new wave of interest,” he told me.
Islamic Center of San Diego shooting suspect's family sues mental health facility
The family of 18-year-old Caleb Vazquez, one of the teens accused of the deadly shooting at the Islamic Center of San Diego, filed a lawsuit against Park Mental Health Treatment, where Vazquez was being treated.
N.Y. leads 23-state lawsuit over new Title X family planning funding conditions
Attorney General Letitia James is leading the challenge to new conditions tied to Title X.
Vermont joins 22-state lawsuit challenging federal rule on transgender youth healthcare
Vermont is challenging a federal rule on transgender youth healthcare.
Northern Virginia business faces civil rights lawsuit
A Northern Virginia eyebrow tattoo artist is being sued for alleged harassment by a customer who claims her religion and nationality are at the center of the legal action.
Nurses demand immediate reinstatement of colleagues unlawfully suspended by Prime Healthcare for speaking up for patients at two of its Chicago hospitals
In gross violation of national labor laws, Prime Healthcare over the past week has retaliated against registered nurses for speaking up and fighting for their patients at two of its Chicago-area hospitals, suspending six nurses at Olympia Fields Hospital in Olympia Fields, Ill. and one nurse at Saint Francis Hospital in Chicago, Ill.
Court dismisses Trump administration's sanctuary city lawsuit against Rochester
This is the second time a DOJ lawsuit against Rochester's sanctuary city policies has been thrown out.
You Might Benefit from a $7.85 Million Payout as PlayStation Settles Anti-Trust Lawsuit
Free money?
Health insurer Anthem targeted in lawsuit over air ambulance claims
PHI Health says the Indianapolis-based insurer is ignoring claims awards that are supposed to be binding under the federal No Surprises Act.
New evidence shows Boulder climate lab was dismantled in act of political reprisal, lawsuit alleges
New evidence shows pure politics was behind the Trump administration's threat to dismantle Boulder's NCAR climate lab, a lawsuit says
Mosque shooter's parents sue mental health organization after Islamic Center killings
The parents of one of the shooters involved in the deadly San Diego Islamic Center killings have filed a wrongful death lawsuit against the mental health organization that had been treating their 18-year-old son, Caleb Vazquez.
Federal judge tosses Trump lawsuit over young trans athletes in California school sports
In a major LGBTQ+ rights victory, the justice department cannot force the state to ban trans girls from women’s sports
Anthropic doubles a science benchmark score with Fable 5.1 while OpenAI says its Astra model crosses critical cyber threshold
Anthropic’s Fable 5.1 doubles a science benchmark score, while OpenAI says Astra reaches critical cyber capability and finds zero-day flaws.
Using AI in Your Business? Don’t Overlook the Intellectual Property Risks
Artificial intelligence continues to reshape how businesses create content, develop products, and manage their brands. At the same time, courts, regulators, and the USPTO are still working through how existing intellectual property laws apply to AI-assisted works, AI-generated outputs, and AI-enabled business tools. For business owners, the key takeaway is…
‘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
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.
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
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
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
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…
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 ...
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.
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."
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.
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.
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.
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.
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
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 […]
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.
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.
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
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.
Connecticut sues Kalshi to block alleged unlicensed sports gambling
The Connecticut Office of the Attorney General announced the lawsuit.
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.
Common factors leading to malpractice lawsuits in radiology
"Understanding the scope and characteristics of malpractice claims is essential for guiding policy decisions and risk mitigation efforts," experts write in RSNA's Radiology.
Meta to restrict teen social media use under $18 billion settlement
The settlement stems from a lawsuit brought by attorneys general from across the country, including New York.
Meta settles $17B lawsuit with Iowa and 46 other states over teen mental health claims
Meta has agreed to a $17 billion settlement with 47 states, including Iowa, over allegations that its platforms harmed teens' mental health, with Iowa set to receive $126 million over the next decade.
Class-action lawsuit claims UnityPoint Health shortchanged hourly workers
A class-action lawsuit claims UnityPoint Health rounded down hourly workers’ time, leaving employees unpaid for some of the minutes they worked.
Ohio business sues woman over one-star Google review
The lawsuit claims the woman “knowingly, maliciously, and intentionally” published “false” and “defamatory” allegations against the company.
Mental health advocates hope Meta settlement funds go to more resources
At the center of the lawsuit that Meta settled Wednesday for $17 billion was how social media affects the mental health of young people.
The SEC wanted unity. LSU chose to abstain, maintain renegade status
An abstention vote, former NFL players and looming lawsuits have put LSU at the center of a high-stakes fight over athlete eligibility.
Meta's $18 billion lawsuit changes the future of social media
The historic settlement may change the future of social media. It may mean little for the teens at the heart of the lawsuit.
Political operatives warn campaigns: Don’t trust prediction markets
Political prediction markets like Kalshi and Polymarket are gaining traction, but campaign operatives warn their election odds can be misleading.
2028 Dem hopeful slaps Trump admin with lawsuit over mail-in-voting after major SCOTUS victory
Pennsylvania Gov. Josh Shapiro joins 23 states suing USPS over Trump-backed mail-ballot rule, arguing Congress—not the president or Postal Service—sets federal election rules.
Buc-ee’s says it will prioritize ‘conservative, business-friendly’ states amid pushback over logo lawsuits
Gas station and travel center chain Buc-ee’s said it will seek out “conservative, business friendly” states for new locations after receiving pushback over its decision to go after small busi…
Democratic states sue U.S. Postal Service over new mail ballot rule
It's the second lawsuit a coalition of Democratic states have filed against the Trump administration over proposed changes to voting by mail
Democratic states sue U.S. Postal Service over new mail ballot rule
It's the second lawsuit a coalition of Democratic states have filed against the Trump administration over proposed changes to voting by mail
Democratic states sue U.S. Postal Service over new mail ballot rule
It's the second lawsuit a coalition of Democratic states have filed against the Trump administration over proposed changes to voting by mail
Class-action lawsuit claims UnityPoint Health shortchanged hourly workers
A potential class-action lawsuit filed on behalf of employees of UnityPoint Health alleges the hospital chain has violated wage-and-hour laws by rounding down workers’ actual hours.
After several hours with it, Elden Ring: Tarnished Edition plays much better than I'd expected on Switch 2, but it isn't without its flaws
The power of the Nintendo Switch 2 definitely knows its bounds, but that hasn't stopped Nintendo and co. from taking on this ambitious Elden Ring Switch 2 port.
DOJ settles lawsuit with Medicare Advantage homecare company for $2M
Tennessee-based Monogram Health was accused of upcoding claims in violation of the False Claims Act. The company does not admit to wrongdoing.
State sues Snapchat over alleged addictive features and adult content for kids
Pennsylvania is suing Snapchat parent Snap Inc. over allegations that the app encourages compulsive use among minors and misrepresents its safety and age-appropriate content
Class-action lawsuit claims UnityPoint Health shortchanged hourly workers
A potential class-action lawsuit filed on behalf of UnityPoint Health workers alleges the hospital chain has violated wage-and-hour laws.
As states tighten oversight, private equity’s healthcare deals decline
New state oversight laws are pumping the brakes on private equity’s push into health care, according to new data. The number of private equity-involved healthcare deals has declined since last year, and the value of those deals in the first half of 2026 is lower than it was for the same time in 2025, according to […]
AB 1776 would make things even harder for California small businesses
California small businesses need smart laws that help us make the most of today’s integrated digital tools and allow us to grow and compete — not radical policies that jeopardize our future.
Colorado lawmaker, House leaders named in workplace-retaliation lawsuit
A former legislative aide has filed a lawsuit alleging she was mistreated, illegally directed to perform campaign work and harmed by a House leadership structure she says was fragmented, politicized and ineffective at protecting employees. The lawsuit, filed by Jennifer Chick, names Littleton Democratic Rep. Sheila Lieder, House Speaker Julie McCluskie of Dillon and House […]
Dethroned Miss North Carolina USA files defamation lawsuit against Miss USA pageant
Brittany Boltinhouse, who was stripped of her Miss North Carolina USA title just over a month after winning the pageant, is suing the Miss USA organization, claiming she was defamed as a ‘racist’ and a ‘homophobe.’
Nevada sues Trump administration over Colorado River cuts
The state of Nevada on Monday filed a lawsuit against the Trump administration and Interior Secretary Doug Burgum, seeking to block the Colorado River management plan. On Friday, Burgum released a “record of decision” that would reduce water allocations to California, Nevada and Arizona, the Lower Basin states of the Colorado River. The record of […]
Postal Service issues new mail-in ballot rule
The U.S. Postal Service said the new rule won't take effect unless the injunctions in various lawsuits are resolved
NYC businesses sue Mamdani over city-run grocery stores
The Multicultural Business Coalition — which represents NYC grocers and bodegas — filed a lawsuit Monday over Mayor Mamdani's city-run supermarkets.
Immigrant grocers file lawsuit against NYC-owned grocery store plan
Immigrant grocers in Harlem, New York, file a lawsuit against the city's plan to open government-run grocery stores. Store manager Elvis Aria warns the untaxed competition could put family businesses like his out of business.
NYC business group sues over Mamdani’s city-owned supermarkets
Multicultural Business Coalition Chairman Frank Garcia discusses his group’s lawsuit challenging Zohran Mamdani’s NYC-owned supermarket proposal on ‘Varney & Co.’
THE WEEK OF AUG 24, 2026
- Duration of status lawsuit filed - White House outlines research security policy - Federal job protections to weaken in September
Local Business Group Sues Over NYC Mayor Mamdani’s Plan to Open Government-Owned Grocery Stores
The lawsuit argues that the mayor’s plan would introduce unfair competition to a struggling industry dealing with slim profit margins.
Big Apple targeted in lawsuit over Mamdani's government grocery store plans
New York City is facing a lawsuit challenging Mayor Zohran Mamdani's plan to open multiple government-tied grocery stores that offer discounted items.
Why is AI going on a hacking spree?
AI models are finding software flaws, carrying out cyberattacks during security tests and reaching systems they weren't supposed to access. But does that mean AI is "going rogue"?
Buc-ee's chain draws outcry in Ohio for launching fight over mini mart's beaver logo
Gas station giant Buc-ee’s has sparked a backlash in Ohio over one of its frequent trademark infringement lawsuits
Buc-ee’s chain draws outcry in Ohio for launching fight over a mini mart's beaver logo
Gas station giant Buc-ee’s has sparked a backlash in Ohio over one of its frequent trademark infringement lawsuits.
'Yellowstone' copyright lawsuit accuses Taylor Sheridan of stealing show's concept
A lawsuit filed in federal court on Friday accuses writer and director Taylor Sheridan of stealing the idea for his powerhouse success "Yellowstone" from Lauren J. Salkin, a Virginia-based journalist
'Yellowstone' copyright lawsuit accuses Taylor Sheridan of stealing show's concept
A lawsuit filed in federal court on Friday accuses writer and director Taylor Sheridan of stealing the idea for his powerhouse success "Yellowstone" from Lauren J. Salkin, a Virginia-based journalist
Raquel Lee alleges sexual assault on Disney Channel set in lawsuit
Former child actor Raquel Lee has come forward with allegations of sexual assault against a former employee at Disney, who she claims facilitated and concealed the assault, according to a
Mamdani's grocery plan could bankrupt local bodegas, business leader warns
Multicultural Business Coalition chairman Frank Garcia discusses a lawsuit against New York City over Mayor Zohran Mamdani's $70 million government-run grocery plan.
Trump threatens lawsuit against nonprofit that questioned whether National Guard plan lessened crime
The letter gave the Washington, D.C.-based Center for American Progress until the end of business Friday to issue the retraction or face a $5 billion lawsuit. The center declined.
Paramount and California to Hold Preliminary Talks on Warner Bros. Deal
The discussions on Monday are an early effort to resolve a lawsuit that California and 11 other states filed to block Paramount’s $111 billion acquisition of Warner Bros. Discovery.
Why ‘The End of Oak Street’ Deserved Better at the Box Office
On this week's episode of IndieWire's "Screen Talk" podcast, we analyze the latest developments in the Warnermount antitrust lawsuit and review "The Rivals of Amziah King."
Business groups sue to block NJ law fining big employers for workers on Medicaid
Business groups want a judge to void a new statute they say forces employers to ask workers their health status in violation of privacy laws.
Michiganders for Money Out Of Politics faces final hurdles: Lawsuit, Legislature
This article first appeared on Planet Detroit and is republished here under a Creative Commons Attribution-NonCommercial 4.0 International License. The days and weeks ahead are crucial to the outcome of a ballot drive to ban campaign contributions by Michigan’s monopoly utilities. The Michiganders for Money Out of Politics ballot proposal has received needed approvals for ballot language and petition […]
‘I’ve been the bearer of bad news’: Va. hemp businesses bin majority of product after ban
Small business owners are reeling after new hemp laws in Virginia made more than half their inventory illegal overnight.
One New York health system sues another over cardiology services—lawsuit prompts new legislation
Ellis Medicine and St. Peter’s Health Partners spent years discussing a merger. After those discussions were abandoned, however, things got ugly between the two New York health systems. The services of 27 cardiologists are at the center of this ongoing dispute.
Michiganders for Money Out Of Politics faces final hurdles: Lawsuit, Legislature
A group funded by DTE and Consumers Energy sues to block a ballot proposal that would ban utility political donations.
State health department asks judge to force GEO Group to allow a TB investigation while lawsuit moves ahead
A judge in anther case ruled in GEO’s favor over part of new Colorado law on detention facilities.
TikTok’s International Revenues Boom To $9.1 Billion Despite Looming Europe Fines
TikTok made $9.1 billion and its first profit in Europe and Latin America but faces a wave of lawsuits and investigations from European regulators.
What Parents Need to Know About Sexual Abuse in Youth Sports
The public SafeSport list is one of the most powerful tools for parents looking to research their kids’ coaches. But many families have no idea it exists or how to use it. Critics also say the organization has serious flaws.