News from the South - North Carolina News Feed
Powerball surges to $1.8B ahead of Saturday's drawing
SUMMARY: The Powerball jackpot surged to an estimated $1.8 billion for Saturday’s drawing, marking the second largest lottery jackpot in history. Winning numbers were 6, 12, 23, 62, 44, with a Powerball of 17. Many hopeful players, including reporter Kirsten Clark, purchased tickets, eager to try their luck. At Andy Hugo’s in Raleigh, a stream of customers bought tickets, drawn by the chance to win big for just $2. The lump sum cash option is estimated at $826.4 million. Experts remind winners to consult financial planners due to the jackpot’s 1 in 292 million odds.
The numbers were drawn, and many were hoping to win the life-changing jackpot.
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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