The U.S. Department of Veterans Affairs (VA) has announced a major workforce reduction, with plans to lay off approximately 83,000 employees in 2025. The move is part of a broader government efficiency initiative to reduce the federal workforce to pre-2019 levels. The decision has sparked widespread concern among lawmakers, veterans’ organizations, and VA employees who … Read more
Millions of Americans could soon see a substantial boost in their bank accounts, thanks to the Social Security Administration (SSA) initiating retroactive payments averaging $6,710 per beneficiary. This move comes as a result of the repeal of key provisions that previously reduced or eliminated benefits for certain public sector employees. The SSA has confirmed that … Read more
The U.S. economy added 151,000 jobs in February 2025, indicating continued resilience in the labor market. However, the unemployment rate climbed to 4.1%, up from 4.0% in January, marking the highest level in nearly two years. Despite robust hiring in certain sectors, rising unemployment raises questions about the broader economic outlook. Job Growth Across Key … Read more
Starting tomorrow, March 11, 2025, eligible Texas households will begin receiving their Supplemental Nutrition Assistance Program (SNAP) benefits, with payments reaching up to $1,756 for large families. This food assistance is part of the federally funded program aimed at helping low-income families afford groceries. Who Qualifies for SNAP Payments in Texas? SNAP benefits are distributed … Read more
In a landmark decision, U.S. financial regulators have officially lifted key restrictions that previously limited banks’ ability to offer cryptocurrency-related services. The Office of the Comptroller of the Currency (OCC) announced that national banks and federal savings associations are now permitted to engage in cryptocurrency custody, stablecoin operations, and blockchain-based services without prior regulatory approval. … Read more
Washington, D.C. – March 2025 – The United States continues to struggle with persistent inflation, which remains above the Federal Reserve’s 2% target. At the same time, newly imposed tariffs by the Trump administration on major trading partners have raised concerns about further economic instability. Inflation Pressures Remain Strong The latest Consumer Price Index (CPI) … Read more
The Supplemental Nutrition Assistance Program (SNAP), a critical resource for low-income families, is facing significant budget reductions under new federal proposals. If enacted, these cuts could lead to an annual loss of approximately $300 million in SNAP benefits for Oklahoma, impacting thousands of vulnerable residents and straining local food banks and community resources. According to … Read more
Cadence Bank has agreed to a $4.5 million settlement in response to a class action lawsuit alleging improper overdraft fee charges on certain debit card transactions. The lawsuit claims that customers were unfairly charged overdraft fees even when they had sufficient funds at the time of transaction authorization. Background of the Lawsuit The lawsuit, filed … Read more
A class action lawsuit has been filed against Procter & Gamble (P&G), the parent company of Olay, alleging that the brand’s retinol cleansers do not provide the promised skincare benefits. The lawsuit claims that these products, which are marketed as containing the powerful anti-aging ingredient retinol, fail to deliver results because they are rinse-off cleansers … Read more
Online mortgage lender loanDepot has reached a $25 million settlement to resolve a class action lawsuit stemming from a data breach that compromised the personal information of 16.9 million individuals. The breach, which occurred between January 3 and January 5, 2024, exposed highly sensitive data, including names, addresses, Social Security numbers, financial account details, phone … Read more