money

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Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According the new report, issued by the bank’s Center for Microeconomic Data, household debt rose by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to $17.69 […]

Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa. Other cities where […]

Monroe County Executive Adam Bello temporarily suspended American Rescue Plan Act (ARPA) funds to the Community Resource Collaborative (CRC), which managed millions of federal dollars for community outreach. This decision came after the CRC reported financial mismanagement that led to an employee’s termination. The CRC was responsible for distributing nearly $7.2 million over four years […]

There will be a new rule for credit card surcharges in New York State starting February 11th. Businesses must disclose to customers credit card surcharges for transactions in New York State. Businesses could be fined $500 if it fails to follow this new law. Credit card surcharge guidance set to start in New York (rochesterfirst.com)

According to the Federal Trade Commission, since 2021 Americans have lost $2.7 billion in scams from social media. Throw on top of that the report said that only a fraction of the actual harm. Most cases of fraud go unreported, the agency noted. People continue to fall victim to social media scams in part because […]

You can now apply to receive a refund from Fortnite maker Epic Games’ $245 million settlement with the Federal Trade Commission (FTC). The FTC alleged that Fortnite players bought in-game goods on accident because of design tricks, and the two parties agreed to the settlement, which was announced as part of a broader $520 million settlement in December. You can […]

Three months since construction began on their new stadium, the Buffalo Bills are already facing a potential cash crunch with the latest projections having the team on the hook for as much as $300 million in cost overruns, four people with direct knowledge or who were briefed on the financial details told The Associated Press this […]

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The City of Rochester received $244,000  with the help of ESL Federal Credit Union to kick off a pilot program that will help children start savings accounts. The pilot program will start by next year and plan to make it city wide in two years. https://www.whec.com/local/city-of-rochester-gets-grant-to-help-children-start-savings-accounts/


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