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LZ Sees Surprising Result in Search for Dark Matter
Key Takeaways Dark matter is the mysterious substance that accounts for the vast majority of matter in our universe. LUX-ZEPLIN (LZ) is a world-leading dark matter detector and specializes in searching for WIMPs, or weakly interacting massive particles. A new LZ study found one particle interaction that is difficult to explain with known background processes and could potentially have been caused by a WIMP. LZ continues to run to see if additional data strengthens or weakens the hint of a dark matter interaction. For the better part of a century, people have been trying to understand dark matter. This invisible substance makes up roughly 85% of the mass in the universe but has never been directly detected. Determining exactly what it is remains one of the biggest questions about our world. Now, a new analysis from the LUX-ZEPLIN (LZ) experiment has recorded a single particle interaction that researchers have great difficulty explaining with known background signals from normal matter. The result does not yet meet the statistical threshold required to claim a discovery, but is the most compelling hint of dark matter reported by the experiment to date. LZ is an international collaboration of 250 scientists and engineers from 39 institutions. The detector is managed by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) and operates nearly one mile below ground at the Sanford Underground Research Facility (SURF) in South Dakota. The experiment uses 10 tonnes of ultrapure liquid xenon to search for dark matter and is optimized to look for WIMPs, or weakly interacting massive particles. The results were presented in a scientific talk at the 2026 TeV Particle Astrophysics conference in Japan. The paper will be released on the online repository arXiv and submitted to the journal Physical Review Letters. “We’re very intrigued to see this event in the data, in the region where we expect dark matter to show up and the competing backgrounds are very low,” said Rick Gaitskell, a professor at Brown University and the spokesperson for LZ. “With only one event, we don’t want to get ahead of ourselves. We are not claiming to have seen dark matter. But we have seen something interesting that we want to share with the scientific community for their input.” The LZ collaboration studies experimental data in batches. In the new result, researchers analyzed 220 live days of data collected between March 2023 and April 2024. The collaboration had previously searched this dataset for faint signals from the simplest kinds of WIMP interactions. The new analysis searched for a broader range of possible WIMP interactions that could deposit more energy in the detector. LZ is particularly sensitive to such signals while also minimizing false positives. “This was a detailed study in a region we hadn’t explored within this dataset, and we spent months of additional effort to understand all the possible causes of background events,” said Sam Eriksen, a senior research associate at the University of Bristol in the U.K. and lead author of the study. “We understand our detector and the backgrounds so well that even a single outstanding event, like the one we found, is important. We expect dark matter events to be extremely rare, so only a handful could mark the first detection of WIMP dark matter.” If the anomalous event was caused by dark matter, the WIMP that generated it would likely have a mass of at least 200 GeV/c2 (gigaelectronvolts), or more than 200 times the mass of a proton. It would also suggest a specific type of interaction between WIMPs and ordinary matter beyond the simplest model. The LZ results have not reached “5-sigma” significance, the statistical threshold considered a discovery in physics. The new analysis is 2.6 sigma, meaning there is approximately a 0.5% chance that the event could be explained by known backgrounds. With additional data, researchers can test whether the finding continues to grow in significance or fades away. LZ has already accumulated the world’s largest dark matter dataset and will continue to accrue WIMP search data at SURF, substantially improving their search statistics. LZ searches for dark matter by looking for signature flashes of light from energy deposited in the detector. The collaboration leverages multiple methods to prevent or account for particle interactions caused by normal matter. This includes the mile of rock that shields the detector from cosmic rays from space, a water tank and outer detectors that protect the central detector from background neutrons, and a suite of computational tools that disentangle particle interactions and reject dark matter mimics. “Outlier events in the data are not unexpected, but they usually stand out as a background of some kind when you look at them deeper,” said Aaron Manalaysay, a physicist at Berkeley Lab and the chair of LZ’s Institutional Board. “This is the first example in any experiment I’ve worked on of an outlier that appears valid in every way. Of course, we’re still twisting our brains trying to think if there’s a rare background mechanism we could’ve missed, but it’s thrilling to wonder if this could be the first hint of a dark-matter observation.” LZ is supported by the U.S. Department of Energy, Office of Science, Office of High Energy and Nuclear Physics, and the National Energy Research Scientific Computing Center, a DOE Office of Science user facility. LZ is also supported by the Science & Technology Facilities Council of the United Kingdom; the Portuguese Foundation for Science and Technology; the Swiss National Science Foundation; the Australian Research Council Centre of Excellence for Dark Matter Particle Physics; and the Institute for Basic Science, Korea. Thirty-nine institutions of higher education and advanced research provided support to LZ. The LZ collaboration acknowledges the assistance of the Sanford Underground Research Facility. ### Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab’s expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab’s world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy’s Office of Science. DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
A Huge ‘GTA 6’ Change From ‘GTA 5’ Comes To Light
Rockstar is making a big change to "GTA 6," altering something that has been in its games from "Red Dead Redemption 2" to "GTA 5."
Paying Homage To “The Troublemaker Of Watchmaking” With The M.A.D.3 Vincent Calabrese
✓ Meet the new M.A.D.3 Vincent Calabrese ✓ Paying homage to the self-proclaimed troublemaker of watchmaking ✓ Check out this Baladin watch! ✓
NYC unveils new Legionnaires safety measures after 11 deaths in Upper East Side cluster
The 11 deaths top the total number of deaths in a similar outbreak in Harlem in 2025, when seven people lost their lives.
Election live updates: Ed Markey and Seth Moulton chase Senate Democratic primary win in Massachusetts
Live updates and the latest news as Ed Markey and Seth Moulton chase the Democratic nomination for Senate in Massachusetts
Whistleblower says USPS system Trump ordered for mail ballots is flawed and untested
An executive order from Trump, which is stymied in the courts, required the Postal Service to rapidly build a complex system to vet mail ballots.
Can Ed Markey’s progressive politics overcome the age question?
The 80-year-old Massachusetts senator has appeared to harness antiestablishment energy even as he faces a younger primary challenger in Rep. Seth Moulton.
Ex-NFL star Colin Kaepernick’s unfinished business
In an exclusive interview with NBC News, the former quarterback opens up about the NFL, racism, politics and the 10 years since he took a knee.
Inside the Dodgers purchase that launched Mark Walter’s sports empire
When a a little-known financier bought the storied franchise 14 years ago, MLB owners loved the price, not the process.
49ers news: Brock Purdy finally addressed Drew Brees comparisons
The San Francisco 49ers quarterback, Brock Purdy, will be one of the key players in the offense when the team starts NFL regular-season action. He’s coming off an efficient but shortened last season and will be looking to bounce back. Entering his fifth career season, Purdy has been compared to Hall of Fame quarterback Drew Brees, who played for […] The post 49ers news: Brock Purdy finally addressed Drew Brees comparisons appeared first on ClutchPoints.
Rockies robbed on rainy night, fall to Orioles 2-1
Jake McCarthy’s would be walk-off robbed with over-the-fence catch
Samsung launches new 14-inch MacBook Neo rival with 25-hour battery life
The Samsung Galaxy Book 6 has been officially unveiled, and it stands as a new rival to the MacBook Neo with its 14-inch display. It’s powered by the Intel Wildcat Lake processors and has a rated battery life of up to 25 hours. The starting price is $799.
Jiri Prochazka Teases UFC Fight News
Former UFC light heavyweight champion Jiri Prochazka is teasing fight news ahead of a potential return to the Octagon later this year.Prochazka last fought at UFC 327 in April, when he was knocked out by Carlos Ulberg in a failed bid to recapture the UFC light heavyweight title.The Czechia native has been linked to several […] The post Jiri Prochazka Teases UFC Fight News appeared first on HEAVY.
Obama-era mandate slashed after being blamed for 'skyrocketing' housing costs
A new Trump admin housing directive aims to tackle the U.S.'s housing affordability crunch by ending Obama-era rule allowing indefinite liability for property owners over past building design errors.
Nexpring Health to expand Cook Medical facility for fertility solutions
Parks Township will soon be home to the largest reproductive health manufacturing facility in North America. Cook Medical-Vandergrift in Parks Township is in the process of expanding after its reproductive health portfolio was acquired by Nexpring Health, a global medical technology production company that specializes in assisted reproductive technology. “One
Gov. Ned Lamont, business leaders warn new U.S.-Canada tariffs could increase cost of Connecticut goods
HARTFORD, Conn. (WTNH) — Gov. Ned Lamont announced Monday that new tariffs on Canada, and retaliatory tariffs on United States products, are expected to increase the cost of goods in Connecticut. L…
GTA 6 Gets Even More New Screenshots as Rockstar Locks in for November Launch
It seems the drought of Grand Theft Auto 6 news has finally come to an end, as Rockstar has published even more screenshots for fans to comb through.
The House returns with a short to-do list: From the Politics Desk
Plus, Republican anxiety in Ohio’s Senate race.
Catheter ablation for AFib fails to improve quality of life more than a sham procedure
It was a relatively small study, and patients were only followed for six months, but these late-breaking data out of ESC Congress 2026 give care teams a lot to consider.
U.S. military does not plan to deploy troops to the polls in November, general says
Responding to a senator’s questions, Gen. Dan Caine said the Pentagon did not plan to send military personnel to voting sites or to seize ballots or voting machines.
GTA 6 Pre-Orders Jumped By 436% in a Single Day After Netflix Reveal, As PS5 Dominates Xbox
Grand Theft Auto 6 pre-orders jumped sharply after Rockstar's extended gameplay look aired on Netflix, according to new estimates from Sensor Tower. The analytics firm says pre-orders rose 436% on August 27, the day of the showcase, compared to the day before. That momentum carried into August...
Grand Theft Auto VI could cause a massive workplace productivity crisis
Hardcore gamers and casuals alike have had November 19 circled on their calendars for months, and for good reason. On the third Thursday of the month, Rockstar...
Hall of Famer Joe Thomas on skipping the NFL Draft to fish, raising Wagyu and transforming his health
Cleveland Browns legend Joe Thomas reveals how intermittent fasting and cutting processed foods helped him shed weight after retiring at over 310 pounds.
Streaming, Studio Entertainment Stock Prices Surged in August
It was a good month for entertainment stocks in August, led by Paramount, which saw its share price surge nearly 39% as Wall Street processed the long-term potential of its upcoming merger integration with Warner Bros. Discovery, despite some grinding regulatory reviews. At the same time, WBD saw its once-morbid (pre-asset sale) stock price increase … Continue reading "Streaming, Studio Entertainment Stock Prices Surged in August"
Private Equity Wants to Invest in College Sports. Some Schools Are Wary.
As desperate as many athletic programs are for money, they are proceeding cautiously when it comes to deals with private equity.
The Blood of Dawnwalker: Benchmarks of Graphics Cards and Processors
We completed large-scale benchmarks The Blood of Dawnwalker + GPU from RTX 3060 to RTX 5090 and RX 6750 XT – RX 9070 XT in conjunction with CPU AMD and Intel....
Religion, power and politics: what’s behind the violent attacks on Ethiopia’s Orthodox Tewahedo Church
Managing religious affairs in Ethiopia is crucial for national cohesion and broader peacebuilding processes.
CAA Volleyball Weekly Awards
RICHMOND, Va. – Hofstra’s Beatriz Braga and Geovanna Gonçalves Rocha picked up CAA Volleyball’s first Offensive and Defensive Player of the Week honors of the season, respectively, while North Carolina A&T’s Kirsten Kemper nabbed Rookie of the Week recognition on Monday.
The No. 1 Best Drink to Help You Poop, According to a Dietitian
In TODAY.com’s Expert Tip of the Day, a dietitian shares the best drink to help you stay regular.
5+ Best Dermatologist-Recommended Vitamin C Products in 2026
Seeing dull, uneven skin? This ingredient can help.
Live updates: U.S. and Iran trade strikes after monthlong lull
Live updates and the latest news as the U.S. and Iran trade strikes after monthlong lull and Trump voters express frustrations with the administration in interviews with NBC News.
OpenClaw that Sam Altman spent billions on and claims to have beaten GTA 6 gets 'largest update in its history'
OpenClaw has rolled out OpenClaw 2.0, marking the most extensive software upgrade in the open-source artificial intelligence (AI) agent platform’s history since its debut last year. Announcing the release, the development team playfully referenced Rockstar Games’ upcoming November title launch with the social post, “HA!
Pro-AI group jumps into the data center fight with new ads aimed at reshaping public opinion
The nonprofit group Build American AI is launching a multimillion-dollar ad campaign in Kansas, Ohio and Wisconsin to promote its data center agenda.
NASA’s Roman Space Telescope launches to reveal the Universe’s darkest secrets
NASA’s Roman Space Telescope has launched on a million mile journey to L2, where it will scan huge portions of the cosmos for clues about dark matter, dark energy, and distant worlds. With survey speeds roughly 1,000 times faster than Hubble and a torrent of 1.4 terabytes of data per day, Roman could uncover cosmic surprises astronomers have never seen before.
Big Knob Grange Fair celebrates 84th season on Sept. 1-5
Livestock events, exhibits, food, live music and more are planned at the 84th Big Knob Grange Fair on Sept. 1-5 in Rochester.
I-81 widening aims to improve freight reliability
Virginia has started a $219 million project to widen I-81 through Harrisonburg and Rockingham counties, improving freight reliability and traffic flow.
U.S. strikes Iranian rocket launchers on the Strait of Hormuz
Iran swiftly vowed to retaliate for what it called a deadly attack
U.S. strikes Iranian rocket launchers on the Strait of Hormuz
Iran swiftly vowed to retaliate for what it called a deadly attack
Antarctica developed a continental-scale ice sheet 34 million years ago while Earth was about 5°C warmer than today — helped by slow-moving mantle waves that had spent more than 100 million years lifting its interior high enough for permanent ice to survive.
A 2026 modelling study links East Antarctica’s high plateau to mantle processes begun during Jurassic breakup, while retaining falling carbon dioxide as the main trigger for glaciation.
GTA 5's Michael Actor Defends GTA 6 After Doubters Say Rockstar's Games Look Too Similar
Ned Luke, the actor behind Grand Theft Auto 5's Michael De Santa, said people who think Grand Theft Auto 6 looks too much like GTA 5 are "out of their minds."
GTA VI Extended Gameplay Preview Attracted Over 4 Million Live Viewers
It's been known since Rockstar released the first trailer for GTA VI that the upcoming action game would have a massive impact on the gaming industry, and analysts have predicted week-one sales of $4.5 billion when the game launches in November. Following Rockstar's GTA VI showcase at Gamescom,...
Nothing but good news again as Braves walk off Rockies for 7th straight win
ATLANTA -- Regardless of the result of Monday’s makeup game against the Giants, the Braves will have plenty of reasons to fondly remember what transpired during this current homestand. Sean Murphy homered yet again and Tyler Mahle spun another gem as the Braves completed a three-game series sweep with a
Rockstar Has GTA 5 Fans Marveling At How Far GTA 6 Has Come
Is Rockstar Games' much-anticipated GTA 6 the best thing since sliced bread, or just GTA 5 with a new coat of paint?
Liverpool forward deal now in Leeds United's hands
Liverpool are in the process of shaking up their forward options. The Reds are buying Bradley Barcola from Paris Saint-Germain for a fee that could reach £123m.At the same time talks are underway to ...
GeForce RTX 3080 Drops From 138 FPS to 4 FPS When DLSS 5 Neural Rendering is Enabled; Reports Confirm Similar Performance Drop With RTX 30 Series
DLSS 5 Neural Rendering runs on RTX 30 series but suffers a 97% FPS drop, making it unplayable, while RTX 50 series officially supports it
Laramie County health and food inspections (8/21/26–8/27/26)
CHEYENNE, Wyo. — The Cheyenne-Laramie County Health Department inspects restaurants, bars, convenience stores, delis, grocery stores, bed and breakfasts
Natrona County health and food inspections (8/21/26–8/27/26)
CASPER, Wyo. — The Casper-Natrona County Health Department inspects restaurants, grocery stores, convenience stores, mobile food units, commissaries and
Apple reportedly considered launching a new Apple Pencil for iPhone Ultra
Apple’s first foldable iPhone should be making its debut in just over a week. In the development process, Apple was...
Sen. Ted Cruz calls for elections in Venezuela to proceed ‘rapidly’
The Texas senator also said the U.S. should arm Iranian protesters in Iran.
The cost of despair: Preventable deaths surging among Latinos in the U.S., data shows
The Latino community’s long-documented health resilience is breaking down.
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.
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.
Fleetwood Mac tribute band to rock The Grand
Crystal Vision will bring its Fleetwood Mac tribute concert to The Grand in Ellsworth on Friday, Sept. 11, from 7-9 p.m.
NASA’s Roman Space Telescope Launch Broadcast Begins
NASA’s live broadcast begins for the launch of the agency’s Grace Roman Space Telescope. Liftoff aboard a SpaceX Falcon Heavy rocket is targeted for 7:26 a.m. EDT from Launch Complex 39A at NASA's Kennedy Space Center in Florida.
NASA’s Roman Space Telescope: Launch Updates
NASA's live online coverage of the launch of the agency's Nancy Grace Roman Space Telescope is underway. NASA and SpaceX are targeting 7:26 a.m. EDT Sunday for liftoff aboard a SpaceX Falcon Heavy rocket from Launch Complex 39A at NASA's Kennedy Space Center in Florida.
A Mortgage Servicer Sent a Letter About an Address Change. Was It Deed Theft?
A letter arrived in the mail from PNC Bank about an address change on a mortgage account. Was a deed theft scheme in process?
Medicare's pilot GLP-1 discount program has a catch. Some sick patients don't qualify
Medicare launched a pilot program that could streamline the process to get GLP-1s, with some seniors paying just $50 a month. But many people with the most serious illnesses won't get that discount.
RB Leipzig set to sign Morocco international from Roma
RB Leipzig have agreed a deal to sign Neil El Aynaoui on loan from AS Roma, according to Sky Germany.The two clubs reportedly reached a verbal agreement on Saturday night, with Leipzig set to pay €4...
How Stew Leonard's is passing its family business to a new generation
Cult grocery chain Stew Leonard's is known for fresh dairy and animatronic characters. Now comes the serious business of handing down the company.
‘Brewbeque’ to debut at RiverPark Center with drinks, barbecue, live entertainment
A new fall event combining craft beer, bourbon, barbecue, food trucks, and live entertainment is coming to downtown Owensboro this October, with a portion of the proceeds supporting arts opportunities for area students.
Minnesota Supreme Court rejects Mike Lindell’s bid to recount GOP gubernatorial primary
Lindell, a longtime 2020 election denier, previously said he would pay $825,000 to cover a full hand recount of his lost GOP gubernatorial primary in Minnesota.
The 49ers Have Decided Who Their QB3 Will Be
Who will play third-string quarterback behind Brock Purdy and Mac Jones for the 49ers this season?
James Talarico visits Fort Worth with Mark Cuban to discuss healthcare
FORT WORTH, Texas — While on a 25-mile campaign walk from Taylor, Texas, to Round Rock, Texas, James Talarico got fatigued and nauseous and went to the emergency room the
Luzerne County Council zeroes in on inmate health care practices
Luzerne County prison inmate medical care procedures and costs were discussed at length during last week’s County Council work session.
NFL waiver wire explained: Which Detroit Lions are impacted
What is the NFL waiver wire system and which current Detroit Lions players are subject to the process?
Abdul El-Sayed apologizes for comments he made responding to an attack on a Michigan synagogue
El-Sayed’s apology was his latest attempt to unify Democrats after a bitter primary in which he defeated U.S. Rep. Haley Stevens.
GTA 6 Takes Around 80 Hours To Complete, Says Developer
Rockstar North co-studio head Rob Nelson has given us the first real number on GTA 6's length. Nelson told The New York Times that his own playthrough, completed back in February, took around 80 hours. That run covered the main story plus some optional objectives that carry actual narrative...
Four baby goats at mobile petting zoo in North Carolina test positive for rabies
The North Carolina Department of Health and Human Services said the petting zoo held events involving children and elderly people between July 28 and Thursday.
Eagles' most agonizing roster decision looming on 2026 cutdown day
With their preseason finale against the Cincinnati Bengals officially in the books, the Philadelphia Eagles have already begun the process of trimming down their 90-man roster to a 53 . Carson Steele, the owner of Crocky J and basically every offensive highlight of the preseason? Gone . Quez Watkins? Gabe Hall? Zion Wilson? Ambry Thomas? Gone, […] The post Eagles' most agonizing roster decision looming on 2026 cutdown day appeared first on ClutchPoints.
Healthcare workers call for new labor agreement prior to deadline
13WHAM ABC Rochester provides local news, weather forecasts, traffic updates, health reports, notices of events and items of interest in the community, local sports and entertainment programming for Rochester and nearby towns and communities including Greece, Victor, Pittsford, Penfield, Henrietta, Webster, Irondequoit, Fairport, Chili, Gates, Rush, Wheatland, Canandaigua, Farmington, Spencerport and Hilton.
New study detects silent atherosclerosis in healthy young adults
Atherosclerosis, the process underlying most cardiovascular diseases, begins long before the first symptoms appear.
Pixel 11's Tensor G6 and Pixel 10's Tensor G5 still fall behind in performance per watt, testing shows
Geekerwan's first efficiency test of the Tensor G6 and G5 shows that both trail the Snapdragon 8 Elite and Apple's A-series chips in CPU and GPU performance per watt, while the Kirin 9030 Pro matches the Tensor chips despite being manufactured on a much older process node.
ENTERTAINMENT: Watercolor exhibition opens at LR Visitor Center; Festival Ballet sets season
Watercolors by Laura Remmel Powers go on display with a 6-7:30 p.m. reception Tuesday at the Little Rock Visitor Information Center.
Former detainees with medical conditions detail fear of getting tuberculosis in Colorado ICE facility
Colorado health officials have sued to get more access to information around a confirmed tuberculosis case at the Aurora Immigration Processing Center.
Tarrant County to vote on whether to close 140 Election Day polling locations
A decision on where the over 1 million Tarrant County voters will be able to cast a ballot on Election Day is expected on Sept. 1.
GTA 6's gameplay reveal pulled in 3.97 million peak viewers, overwhelming Twitch and Netflix in the process
GTA 6's first gameplay reveal drew more than 3.97 million peak viewers across platforms, according to new data from Streams Charts.
Why Rockstar Has Said Nothing About ‘GTA 6 Online’ So Far
Rockstar has now opened the doors to "Grand Theft Auto 6" previews, but they have not and wil not talk about "GTA 6 Online" or its release date. Why?
Dogs may hold surprising clues to human longevity
Dogs and humans may have more in common when it comes to aging than scientists realized. Researchers with the Dog Aging Project found that patterns of small molecules in dogs’ blood were linked to longer or shorter lifespans in remarkably similar ways to those seen in people. These metabolic “fingerprints” could offer clues about the biological processes that drive aging, including metabolism, inflammation, and cellular stress.
The coming election and mischief in the making
America’s tribalism is such these days that we struggle to even agree on the basic rules. Elections have always been hotly contested. As the saying goes, “Politics ain’t beanbag.” The process has long involved elements of nastiness and underhanded conduct. Still, we used to be able to take some things for granted. We had a […]
Trump promises action to help local beef processing
President Donald Trump says he is taking steps to help farmers and ranchers process their own food.
Susan Collins and Democrats are fighting a TV ad war over her votes on Trump’s Medicaid cuts
As Democrats spend money to highlight her vote to procedurally advance the “big, beautiful bill,” Collins is running her own ads noting that she ultimately voted against the measure.
NASA is launching the Nancy Grace Roman Space Telescope. Here are just a few of the wonders it will reveal
If all goes to plan, at 7:26 a.m. Sunday morning, a new space telescope will blast off from Cape Canaveral, Fla., on top of a Falcon Heavy rocket, ready to reveal new wonders about our universe. Here are some things scientists hope to unravel with this new telescope.
Packers' Matt LaFleur says Josh Jacobs will be on roster during legal process
Packers coach Matt LaFleur wouldn't say whether running back Josh Jacobs will be available for the Sept. 13 opener, but he expects him to be on roster
Waiver wire: Rules and where Chiefs are positioned in order
What to know about the waiver wire process in Kansas City.
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.
Australia’s red soil may be hiding a massive clean energy source
Researchers have discovered that Western Australia’s iron-rich rocks can naturally generate hydrogen and that the process may be boosted to produce much larger amounts. If it can be scaled up, the vast formations beneath the Pilbara could become a major new source of low-emission energy for Australia and potentially the world.
Cordell, Miguez, Edmonds
Misti Cordell, left, Blake Miguez, center, and Rick Edmonds, right, all received endorsements from the Louisiana Republican Party this week after a contentious process that has left some in the
Report: New Yorkers paying $5,000 for everyday essentials
A new report from the U.S. Senate Joint Economic Committee – Minority finds New Yorkers are paying $5,000 more on everyday goods and services as of July 2026.
Pete Hegseth is talking about a possible run for president in 2028, sources say
The defense secretary has floated a White House run with close friends and associates, two people said. And Hegseth sparked speculation with an event in Iowa this month.
Elon Musk enters the midterm chat: From the Politics Desk
Plus, voter frustrations with Trump pile up.
Putt Chip Chill open for business in North Little Rock
Putt Chip Chill, a new entertainment venue in North Little Rock featuring a premium putting course and dining options, opened for business on Friday.
The science behind milk
We’re taking an educational look at the testing process and some of the science that goes into raw milk and Dr. Robert Wilson, owner of Wilson Ranch is here with the deep dive.
Browns start slashing roster, cut 15 players from active roster
The Browns have started the process of setting their initial 53-man roster.
Scientists capture first molecular-level images of water reorganization during a reaction crucial for life
Some of nature's most important chemical reactions rely on the coupled movement of negatively and positively charged particles. These processes play central roles in photosynthesis, catalysis and biological ...
Rep. Crockett says she’ll be campaigning ‘downballot’ instead of with Talarico
The congresswoman, who lost the primary Senate race to state Rep. James Talarico, did not mention him by name.
ABC Developing Drama Series 'The Undertaker' From Gabriel Garza
ABC is developing The Undertaker, a police procedural based on the Swiss series Der Bestatter, from Gabriel Garza, Hanelle Culpepper, 20th Television.
Jasmine Crockett has no plans to campaign for James Talarico
Jasmine Crockett tells Laura she will not be campaigning with James Talarico in the closely-watched Senate race in Texas. Crockett says she’ll be supporting down ballot candidates in the midterms who are often overshadowed.
How to watch Prosper (Texas) vs Rockwall high school football
You can watch Prosper football all season long with NFHS Network, including this week’s game against Rockwall.