News from the South - North Carolina News Feed
How to build a food budget as costs rise
SUMMARY: As grocery costs soar, saving money has become essential for American households. ABC’s Jack Linley offers various tips for budgeting, emphasizing the importance of flexibility. Instead of sticking to costly ingredients, consider swapping for cheaper alternatives. Buying in bulk from wholesale clubs and choosing store brands can significantly lower expenses. Bodge recommends making certain foods at home, such as hummus, to save money. Additionally, using credit cards that provide cashback on grocery purchases and enrolling in loyalty programs can yield further savings. Implementing these strategies can help ease the burden of rising grocery costs.
Make you dollar go further at the the grocery store.
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News from the South - North Carolina News Feed
Man accused of identity theft taught at multiple schools in the area
SUMMARY: Gregory Pedford, accused of using a stolen identity to secure a teaching job in Franklin County, has worked at multiple schools including Wake Forest Charter Academy and Durham Public Schools. Pedford, who used aliases and falsified records to appear as a licensed educator, was employed at least four local schools. Despite a long criminal history of fraud dating to the 1980s, schools failed to detect his deception. After his arrest, Cross Creek Charter implemented fingerprinting for new hires to improve verification. Parents and community members express concern and call for stricter hiring processes to protect children from similar cases.
Gregory Pettiford is facing charges for identity theft and having a fake driver’s license and social security card, according to arrest warrants. An Apex student remembers him as ‘a really good teacher.’
News from the South - North Carolina News Feed
Trump admin grounds plan to make airlines pay compensation for flight disruptions
SUMMARY: The Trump administration is planning to scrap a Biden-era proposal requiring airlines to compensate passengers for significant flight delays or cancellations caused by the airline, including mechanical issues. The proposed rule would have mandated cash, lodging, meals, and other costs for delays over 4-6 hours or cancellations on domestic and international flights. Currently, airlines must offer refunds for long delays or cancellations, a rule that remains unchanged. Airlines welcome the rollback, citing potential price hikes, while consumer advocates criticize it as a step backward that will worsen travel disruptions and increase passenger costs. The Department of Transportation is also reviewing different compensation rules for smaller airlines.
The Trump administration said Thursday it is abandoning a Biden-era plan that sought to require airlines to compensate stranded passengers with cash, lodging and meals for flight cancellations or changes caused by a carrier.
https://abc11.com/post/trump-admin-ditches-biden-era-plan-make-airlines-pay-compensation-flight-disruptions/17748438/
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News from the South - North Carolina News Feed
FICO now factoring in buy now pay later
SUMMARY: This fall, FICO will begin factoring buy now, pay later (BNPL) data into credit scores. Previously, BNPL usage was largely invisible to credit reporting, similar to past issues with student loan reporting. Including BNPL data can either help or hurt consumers: responsible payers may see credit boosts, while those with poor repayment histories or multiple BNPL loans could face score declines. Payment history counts for 35% of credit scores, so missed BNPL payments can negatively impact credit. Not all BNPL firms report to credit bureaus, so consumers should manage repayments carefully to protect their credit standing.
A new way to pay will now impact your credit score.
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