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This concert was going to be the last at Red Hat as we know it. Now it’s canceled
It’s the end of an era. Here’s what to know about the final show and ticket refunds.
San Francisco techie takes down zombie video game that let players kill homeless people: 'It showed poor judgment'
The creator said that he refunded all advertisers and made a donation to a drug treatment and recovery service equivalent to the revenue generated by the game.
Walmart says higher fuel costs will offset tariff refund benefit
Walmart previously said it wanted to plow tariff refunds into lowering prices, but now the company says higher fuel costs will erase that benefit.
Davids Urges Federal Action as Kansas Small Businesses Squeezed Out of Tariff Refunds While Large Corporations Cash In
Today, Representative Sharice Davids demanded immediate action to ensure Kansas small businesses receive the tariff refunds they are owed. Following this year’s Supreme Court ruling overturning the president’s reckless tariffs, the federal government began processing billions of dollars in refunds.
Riot Games has announced the end League of Legends Classic as an on-going mode, just three months after its release
League of Legends Classic will return with changes in the future, while microtransactions for Classic will be refunded.
Bipartisan bill aims to close rural NC’s health care workforce gaps
The REACH Act would offer eligible doctors, nurses and other providers a refundable federal tax credit of up to $10,000.
Voters in Portland (Oregon) get ads meant for Portland (Maine)
The ad buyer admitted the mistake and refunded the money to the political group that ordered it.
GOP ad buyer mixes up Portlands, spends money meant to help Maine Sen. Susan Collins in Oregon
An outside group mistakenly spent nearly $25,000 to boost Collins in Portland, Oregon, rather than Portland, Maine. The buyer admitted to the error and refunded the PAC.
Personal AI agents threaten companies profiting from consumer inertia
Personal AI agents are helping users lower bills and get refunds, exposing companies that rely on customers doing nothing.
Confused by a Trump check? Here’s why some Oregonians are getting $500
The Trump administration has started sending $500 health insurance refunds to eligible Oregonians.
Trump bucks and the politics of mailing checks
The checks started going out last week, nearly one million of them, and mostly to battleground states. With a return address for the U.S. Treasury and a letter enclosed signed by President Donald Trump, these one-time checks for $500 were ostensibly government rebates for Obamacare enrollees who overpaid. In the accompanying letter, however, Trump attacks his predecessor and talks about his record in office on an important issue he’s not polling well on, which makes it seem more like the most expensive political mailer in U.S. history. The average piece of direct mail costs between 30 cents and $3, according to Mail Processing Associates, a print, mail, and fulfillment company. At $500 a pop plus roughly 50 cents each to issue the paper check, the cost of Trump’s healthcare mailer sent to more than 950,000 enrollees comes in at more than $475 million. Trump’s midterm healthcare message “For years, the Biden Administration overcharged you to fund the operation of HealthCare dot gov,” Trump wrote in the letter. “That money belongs to hard-working Americans, not the Government, and now, I am returning it to you!” In the letter, Trump makes false and misleading claims about his administration’s record on healthcare costs, an issue Democrats have a 20 point advantage on over Republicans, according to a recent poll from KFF, a nonpartisan health policy think tank. Trump touts his administration’s TrumpRX program, which he claims is “delivering massive discounts.” However, new research from KFF found that of a selection of drugs available on the TrumpRX platform, just five were the lowest price, while 13 were the highest price. Trump also falsely claims in the letter that he’s fighting to lower healthcare costs. In reality, average monthly premium payment costs for enrollees rose 58% under Trump while marketplace sign-ups declined 5%, per KFF. Under Trump’s One Big Beautiful Bill Act, it’s estimated 10 million more Americans will be uninsured by 2034. You get a check and you get a check and you get a check Trump’s long promised cash outs to his fans, from his days as a casino operator and gameshow host to his presidency. During the early days of the COVID-19 pandemic in 2020, the first Trump administration made the unprecedented move to put Trump’s name on checks that went out under the CARES Act (notably the $500 refund checks this time around don’t feature Trump’s name). Ever since, Trump’s been chasing that high. In his second term, Trump’s promised more stimulus that never arrived, like refund checks from DOGE cuts and tariffs, while he said at his party’s convention last month that he’d give out $5,000 checks to everyone if Republicans win in November. In reality, DOGE overstated its cost cutting and Trump’s government actually now spends more than former President Joe Biden’s, while Trump’s tariffs actually grew the trade deficit. His proposal for $5,000 checks would add about $1.2 trillion to the national debt. The problem is there’s no money to give. These $500 checks — plus $90 Medicare rebate checks also going out as well as $250 deposited this week in some Trump Accounts for kids courtesy Dell Technologies CEO Michael Dell and his wife Susan — represent the closest Trump’s going to get to making good on his promise to deliver cash fast. And the checks seem especially targeted. Though the $500 checks went out to enrollees in one of 30 states that use the federal HealthCare dot gov marketplace, a Reuters review found 71% of the payments, or $339 million, went to enrollees in 13 states that have the most competitive elections for governor and U.S. Senate. Most Americans don’t buy it Could Trump bucks sway the election? An Economist-YouGov poll found 57% of U.S. adults doubt Trump will deliver on his promise for $5,000 checks, compared to 21% who do. “I’m waiting on my DOGE check and I’m still waiting on my tariff check,” one 2024 Trump voter who’s since turned on him told a recent focus group. “It felt like kind of trying to buy people’s votes, which honestly felt like in elementary when the class president was like, hey we’re going to take you to the water park if you vote for me. It’s like, I don’t think it works like that.” But for voters in swing states who got a check, it could still matter. One survey published in 2022 found receiving a physically personalized check in the mail during the pandemic was associated with a much greater self-reported likelihood of voting for Trump in 2020, and those gains mainly came from out partisans. The issue for Trump comes if these checks are mostly going to Obamacare enrollees whose premiums have gone up by more than just $500 since he took office and who view the money as something like a bribe before the election rather than an actual long-term solution to lowering household costs. Spending $500.50 per mailer would be absurd as a normal campaign expenditure, but since Trump’s checks and letter are a government rebate, his campaign and super PAC didn’t have to spend a dime and he got out his message regardless. If enough voters in key states are swayed by the one-time payment, it could prove to be the best $0 the Trump campaign spent. Subscribe [ ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ Why independent candidates are making independence central to their brand ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) Hunter Schwarz · Oct 6 [ Read full story ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) [ These designers and grocery nerds will brand Mamdani’s NYC grocery stores ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Hunter Schwarz · Oct 2 [ Read full story ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Trump wants to turn his first-ever golf course into a government course for presidents
Is it legal? Trump promises Medicare and ACA checks without Congress ahead of midterm elections
President Trump is promising $90 payments to more than 20 million Medicare seniors and $500 refunds to nearly 1 million ACA enrollees, bypassing Congress and raising legal questions from Democrats.
Health policy experts weigh in on ACA refund checks
The refund checks come as health insurance costs have skyrocketed for many people after the enhanced ACA tax credits expired.
Trump sends out $500 ACA refunds and a letter promoting his record
The rebate checks are headed to nearly 1 million people President Donald Trump says were overcharged under the Affordable Care Act.
Refunds From the Trump Administration’s Unlawful Tariffs Are a Windfall for Corporate America, Not for Small Businesses or Consumers
New state-by-state CAP analysis finds that the Trump administration’s tariffs cost small-business importers in all 50 states and Washington, D.C., an average of $426,000 more over 18 months—damage that refunds cannot fully undo.
New iPhone buyers demand refunds after $1,199 gizmo changes color just weeks after purchase
Color them surprised.
MORNING BUSINESS REPORT: Costco passing along tariff refunds, inflation update, McDonald's Playplaces
Costco passes tariff refunds on to customers, when to expect an inflation update, and McDonald's looks to bring back playplaces. Here's the Morning Business Report for Sept. 19.
Costco clinches $184M in tariff refunds, with more expected
Costco confirmed it received $184 million in tariff refunds, with more on the way, according to its latest earnings call. On Thursday, the big-box retailer said the money was reinvested
World Cup Ticket Sellers Still Waiting for FIFA Refunds
FIFA said it would refund sellers within 60 days.
Most firms keep cash from tariff refunds, Fed study finds
The bulk of companies receiving billions in tariff refunds are mostly holding on to the cash, according to a survey released Monday by the Federal Reserve Bank of Atlanta. Of
Amazon Business Expands Reconciliation Report with Line-Item Detail
The marketplace’s updated report adds 41 data fields to help finance teams match charges, track refunds and allocate spending, continuing its expansion beyond product purchasing into back-office support.
US companies get creative as tariff refunds start flowing in
U.S. companies getting refunds after the Supreme Court struck down President Donald Trump’s import tariffs are using the temporary windfall in a range of creative ways. The refunds are being
The huge Nintendo Switch 'tariff refund sale' has begun, and there's 30% off iconic games
The Customer Appreciation Sale is Nintendo's way of giving back to US gamers.
Academy Sports (ASO) Turns A Tariff Refund Into A Profit Surge
On September 10, Academy Sports and Outdoors (NASDAQ:ASO) posted second quarter results that looked strong on the bottom line and shaky underneath it. Net sales rose 3% to $1.65 billion, but comparable sales slipped 0.4%, and the gap between those two numbers is where the real story sits. A one-time tariff refund did most of […]
Nintendo launches major sale with help from tariff refunds
Nintendo is offering 30% off games and other products, with the company saying tariff-related refunds helped make its latest sale possible.
Trump to give $500 refunds to nearly 1 million Obamacare customers
The refunds comes ahead of the November midterms where high health costs are expected to play a factor.
Nintendo Offers Rare Discounts For American Customers—Thanks To Tariff Refunds, Company Says
Nintendo is one of more than 80 companies facing lawsuits from customers who want to see a piece of the federal tariff refunds given by the government.
Nintendo of America thanks fans for dealing with tariff-related price hikes by encouraging them to spend more money in a new sale
Nintendo America has faced a lot of pushback for not passing tariff refunds onto consumers, so its new tariff-related sale is causing some backlash.
Nintendo Announces Big 'Customer Appreciation Sale' Supported By Tariff Refunds It Doesn't Want To Pay Back To Players
No, the company won't provide any refunds, but it will sell you some games and merch at a discounted price
Stevens wants Trump administration to address tariff refund backlog
The Michigan congresswoman helped lead a letter to the Trump administration asking it to clear a backlog she says is hurting Michigan business.
Major CT manufacturer among companies facing consumer lawsuits over tariff refunds
Stanley Black & Decker faces lawsuits alleging it unfairly kept tariff refunds after raising prices, testing a new legal theory in Connecticut.
Video game makers really don't want to give customers tariff refunds
Sony, Microsoft and Nintendo are all arguing in court that they don't have to the pass tariff refunds they've received to their customers.
Video game makers really don't want to give customers tariff refunds
Sony, Microsoft and Nintendo are all arguing in court that they don't have to the pass tariff refunds they've received to their customers.
PlayStation And Xbox Hit Back At Gamer Lawsuits Demanding Tariff Refunds: 'There Is Nothing Unjust About Plaintiff Purchasing An Xbox At An Advertised Price And Getting Exactly What He Paid For'
The companies say there's no proof anyone was harmed
Sony and Microsoft request dismissal of consumer lawsuits over tariff refunds
Both companies argue they are not legally required to provide refunds to those who bought price-hiked hardware
Following Nintendo's example, Sony and Microsoft argue they have no obligation to pass tariff refunds onto customers
Microsoft, Sony and Nintendo are in agreement that you shouldn't expect refunds for paying extra for their products as a result of US tariffs.
Sony and Microsoft say they’re not obligated to pass U.S. tariff refunds to consumers, echoing Nintendo
Back in July, Sony executives told investors that the company expected to receive $508 million in refunds from the U.S. government, after tariffs that the PlayStation-maker paid were ruled mostly in 2025 were found to be illegal. “Most” of the refund would by recouped by Sony’s gaming division, its chief financial officer said. This week, Sony’s lawyers are arguing that the company is not legally obligated to pass those proceeds on to consumers who paid for recently price-hiked PlayStation consoles. That’s in the face of a lawsuit from gamers calling on them to do exactly that. “Paying fair market price for voluntarily purchased consumer goods is not a legally cognizable injury in fact,” the lawyers wrote in a legal motion filed on Monday, as they asked a judge in California’s Northern District to dismiss a potential class action lawsuit over the tariff refunds. Microsoft made a similar argument two weeks ahead of Sony’s lawyers, in a similar lawsuit brought by a gamer in federal court in Washington State. As Microsoft’s legal team put it on August 21, in their request for a dismissal of that lawsuit: “There is nothing unjust about Plaintiff purchasing an Xbox at an advertised price and getting exactly what he paid for—regardless of whatever theory he devised months later about Microsoft’s cost structure.” Both legal fights are set to go on for some time. How things got to this point U.S. tariffs impacting a wide range of imported goods, including game consoles, had kicked off in early 2025. In May 2025, Microsoft raised the price of its Xbox consoles, citing “market conditions and the rising cost of development.” They raised them again that September. In August of that year, Sony raised the price of PlayStation 5 consoles, citing “a challenging economic environment.” Sony later told investors that its tariff fees for the fall quarter were nearly $200 million. in February of this year, the U.S. Supreme Court ruled the 2025 tariffs illegal, prompting impacted companies to begin to request refunds. In turn, consumers began suing the likes of Sony and Microsoft to get what they said was their share. The gamers in the Microsoft and Sony lawsuits argue that the 2025 price hikes of PlayStation and Xbox consoles, which added $50 or more to their sticker price, were due to illegal tariffs and should now be returned to consumers. The Sony suit started in May, when a group of gamers sued in federal court in California, saying Sony Interactive Entertainment (PlayStation) would be unjustly enriching itself if it did not pass tariff refunds to its PS5 buyers. “Sony is poised to be paid twice for the same unlawful tariff burden: once by its customers (through elevated prices) and once by the U.S. government (through tariff refunds),” the gamers’ lawyers wrote at the time. They called for Sony to partially reimburse anyone who bought a PlayStation in the U.S. since August 1, 2025. The Microsoft suit, filed by gamer Trevor Hastings against the Xbox giant in July, made similar claims. The console makers push back In late July, Nintendo’s lawyers, facing a similar suit accusing them of double-dipping on tariffs and refunds, replied with arguments that previewed Microsoft’s and Sony’s: “Nintendo or one of its retailers set a price for each product, and consumers decided whether that price was worth paying,” they wrote. Sony has buttressed that Nintendo-style argument this week by saying that the gamers have failed to prove that tariffs were the reason for its August 2025 PS5 price hike. They call thatclaim “speculative and illogical.” Other factors, including “inflation, currency fluctuations, component costs, logistics, competitive dynamics, or demand,” could have played a role. (No, the Sony lawyers do not break down the costs and factors that officially triggered the price increases). Microsoft has also argued that there’s no proof in these lawsuits that tariffs drove all or some of the price increase, as it seeks to dismiss the tariff refund suit it’s facing: “Plaintiff provides no specific allegations that would establish any pricing differential attributable to tariffs or suggest any possibility that Microsoft applied then or could recreate now any dollar-for-dollar calculation of tariff-related pricing—any more than it could any other market factor that affects pricing.” To further skewer the gamer side’s argument in its case, Sony’s lawyers have pointed to what might be a surprising defense: yet another PlayStation 5 price hike from this past spring, after the tariffs were ruled illegal. “If the original price increase were attributable to tariffs, SIE [Sony Interactive Entertainment, aka PlayStation] would have had no reason to raise prices again after the Supreme Court invalidated the IEEPA tariffs.” … “If tariffs were the cause of the price increases, one would expect SIE to lower prices once the tariffs were eliminated—not raise them again. Instead, the timeline confirms that the pricing of PlayStation consoles includes a diverse and dynamic set of input costs.” Judges have not yet ruled on the arguments made by Sony, Microsoft or Nintendo. Last week, Panic, the company behind the small, yellow Playdate handheld said it would be passing its tariff refunds on to consumers. It is the only gaming hardware maker to have made such a pledge. Game File is a reader-supported publication. To receive new posts and support my reporting, please consider becoming a free or paid subscriber. Subscribe Item 2: A reporter’s second Second Life Wagner James Au, who from 2003-2006 was paid by San Francisco-based tech company Linden Lab to be a full-time journalist embedded in their virtual world Second Life, is returning to the company. This time, he’ll be an editorial advisor and business development specialist, he tells Game File. The new role will involve trying to share the stories of people inhabiting Second Life’s ongoing online world with reporters and by extension the public. Au plans to continue to also chronicle some of that through his long-running blog New World Notes. I’ve known Au since the mid-2000s and featured him in a 2007 article for the Columbia Journalism Review about reporters like him opening up virtual news outlets within Second Life. As I wrote at the time: On April 22, 2003, writing as Hamlet Linden for the New World Notes blog on Second Life’s Web site, Au introduced himself. “For the next few months, Linden Lab has invited me to set aside my journalist cap, and instead, don the digital beanie of their in-house virtual correspondent.” He wasn’t paid to keep it positive. He wrote about builders and eccentrics, but then in August of that year, he reported on a tax revolt against Linden Lab (a complaint about the fees it charges users who build stuff) led by a resident whose avatar was a big cat. Second Life has always been less of a video game and more of a virtual world where people can live, hang out, make art, sell virtual items and flirt. Back in 2007, Au described touring it as “sort of like underwater lucid dreaming.” For the past two decades, Au has maintained New World Notes as an independent publication. But he said he’s been drawn back to Second Life and Linden Lab as a place to directly work. The virtual world has around 650,000 monthly active users, he said, “which is actually about what it was during the hype wave.” Au says he’s still finding rich stories in Second Life, the kind that keep him interested 20 years into the beat: “Over the last few months for instance, I wrote about an SL creator in Venezuela whose apartment was destroyed by the earthquakes, so the global SL community rallied to get him back on his feet,” he told me. “Then there’s the woman from a Middle Eastern country who explored her lesbian sexuality in SL, then earned enough from her virtual jewelry to escape her abusive family situation and country.” Au wants to beckon more reporters to give Second Life another look. He argues that it is often ahead of internet trends, noting, for example, an early backlash in the community against AI-made art. Now the platform is drawing curiosity from more of the user-generated content community who’ve grown up with the likes of Roblox, according to Au. “Second Life was too early during its hype wave in 2005-2010, but it now feels right for a new wave of interest,” he told me.
Don’t trade away our TABOR refunds
Here we go again — tax-and-spend politicians going in the wrong direction. Colorado families are being asked to believe a familiar lie: the only way to fund education is to let politicians keep more of your money — forever. Proposition NN is being sold as a solution for schools and teacher pay. But look past […]
More than $1B in tariff refunds are in limbo. Here's why.
The U.S. has processed more than $106 billion in tariff refunds, but small businesses report rising costs and plan price increases related to shifting policies on tariffs.
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. 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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.
Oglethorpe business dean: The real challenge isn't tariffs. It's uncertainty.
Oglethorpe Dean Stephen Craft explains why economic uncertainty, not tariff refunds, may drive business decisions going forward.
Businesses are getting tariff refunds. Why aren't consumers getting their cut?
A slew of American companies are getting billions of dollars back in tariff refunds after a Supreme Court ruling. Many consumers, though, may never get anything back.
Panic refunds illegal tariffs customers paid on its Playdate gaming handheld
It just felt like the right thing to do"
Portland video game company surprises customers with tariff refund
“That’s not our money to keep," Panic's co-founder said. Other businesses have taken a different approach.
U.S. businesses are getting tariff refunds. Will customers get any money back?
Companies have received tariff refunds. What about consumers? Some companies are providing refunds while others decline.
Tariffs raised prices you paid. But most businesses won’t be passing tariffs refunds back to you
Tariff refunds were a windfall for US businesses in their most recent quarter. But for American consumers, not so much.
The tariff math turns negative as refunds outpace revenue
The Trump administration’s tariff policy has resulted in substantial refunds and continued uncertainty about tariff revenue, Fortune reports. In May 2026, the Treasury refunded approximately $21.97 billion in tariffs while collecting about $21.93 billion. In June, refunds increased to $49.18 billion compared with $23.63 billion in new tariff collections, resulting in negative net customs revenue […]
Walmart gets $2.9 billion in tariff refunds
Walmart posted strong sales and profits in the latest quarter helped by a massive $2.9 billion in tariff refunds.
Walmart says it will use billions in tariff refunds to keep prices low
Walmart said it received nearly $2.9 billion in tariff refunds and plans to use some of the benefit to support lower prices for shoppers, while the refunds also provided a significant boost to quarterly operating income.
Target receives $1bn boost from Trump tariff refunds
The US chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income rising to $2.6bn.
Action 9 helps consumer get tax refund after double health insurance enrollment
A woman discovered she owed thousands of dollars for two health insurance policies after switching to private coverage.
Amer Sports Q2 sales, profit surge on Arc’teryx, Salomon growth
Amer Sports has reported increased revenues of 32% to $1.6bn in the second quarter (Q2) of 2026, helped by tariff refunds, technical apparel growth and softgoods momentum.
Target’s comeback quarter: New merchandise, more shoppers and a $994M tariff refund
Target is reporting its second straight quarter of comparable sales gains, saying a merchandising overhaul under the discount retailer’s new CEO was attracting more customers.
'They were Indian, so we didn’t count them': US cleaning business owner faces scrutiny over racial profiling
I teach my team to profile every client:"They were Indian so we didn't count them as a lead" "She is a typical Karen so we gave her a partial refund" "They were ghetto so we requested photos of their house" You need to know who's on the other side of the phone.
Los Angeles businesses call tariff refunds a huge relief amid financial uncertainty
A Surprise Credit After an Overseas Purchase: the Tariff Refunds Now Flowing Through Shippers
NEW YORK (AP) — If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to ...
Health Brief: Tariff refunds are rolling in
Medical device companies are getting millions of dollars back from Trump’s overturned tariffs. Now they’re bracing for what comes next.
Much-wishlisted 100-player shooter Wardogs gets an early access release date and promises refunds for anyone unhappy with the closed beta
Indie multiplayer shooter Wardogs will soon be available to anyone who doesn't want to wait around of a closed alpha invite.
Battlefield 6 Player Successfully Refunds Game After 470 Hours of Game Time Due to Game Modes Being Removed by Devs
One Battlefield 6 player managed to successfully issue a refund for the game, and this is despite pouring in 470 hours of playtime.
Players lose access to Aliens: Fireteam Elite on Nintendo Switch without refunds
A reminder of the perils of digital ownership.
Battlefield 6 Player With Over 400 Hours Gets Full Refund from Steam After Key Modes Were Removed
A Battlefield 6 player with hundreds of hours of playtime has scored a full refund of the game after Battlefield Studios removed key modes from the game's quick-play matchmaking.
Battlefield 6 Removed A Fan-Favorite Mode, As Devs Look For "Best" Way To Bring It Back
Battlefield Studios is, however, looking for the "best" ways to bring it back.
Aliens: Fireteam Elite on Nintendo Switch Shut Down With No Refunds, as Owners Become The Latest Victims of Gaming's Increasingly Digital Future
Aliens: Fireteam Elite has had its cloud servers shut down, leaving Nintendo Switch owners unable to play the game without any form of refund.
Nintendo Switch game made permanently unplayable with no refund for $30 price tag
Unfortunately, there's just no way to play it on Nintendo Switch anymore even if you bought it.
Steam reportedly refunds Battlefield 6 player with 470 hours logged after EA quietly pulled Rush mode from Quickplay
A Battlefield 6 player "upset" at the removal of the popular Rush mode claims to have secured a full refund from Steam despite having clocked up 470 hours.
Busy Baby, which became one of the faces of tariff woes, receives $50K tax refund
Oronoco-based importer Beth Benike said the money helps, but the tariffs caused long-term damage to the company.
Nintendo beats earnings thanks to US tariff refunds it won’t share with gamers
Game sales are also booming.
Steam meme game made in days almost turns teen into a millionaire
Even after refunds, a surprising number of people kept the expensive game on Valve's platform
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Federal tariff refund portal offers relief for small businesses hit by import costs
Businesses across the U.S. may be in line for a significant financial boost after federal agencies launched an online system allowing importers to apply for tariff refunds.
Philips’ receives financial boost from $212M tariff refund
The Amsterdam-based manufacturer also highlighted the benefits of “disciplined cost management” and “productivity initiatives” that helped deliver over $150 million in savings for Q2.
Rhode Island Officials Will Refund Marijuana Business License Application Fees As Process Restarts Following Litigation
“We understand there may be questions about where things stand and where we are headed.” By Christopher Shea, Rhode Island Current Seventy-five prospective Rhode Island cannabis retailers will soon receive $7,500 refunds as state regulators prepare to restart the licensing process that was halted under a federal court order. The Rhode Island Cannabis Control Commission […]
Kustom Entertainment Extends Cycurion Asset Sale, Gets $250,000 Cash and $600,000 Preferred
Kustom Entertainment entered into an amendment and forbearance/extension to its Asset Purchase Agreement with Cycurion for the sale of its video-solutions division. The amended terms provide an immediate, non-refundable $250,000 cash payment and replace 2,000,000 warrants with $600,000 of 12% Serie…
Kustom Entertainment Amends Divestiture Terms with Cycurion into Upgraded $6.1M Deal Featuring Immediate Cash Injection and 12% Yielding Preferred Equity
Captures $250,000 in immediate non-refundable capital, eliminates warrants in favor of preferred equity, and sharpens execution on its $100B live...
Kustom Entertainment Amends Divestiture Terms with Cycurion into Upgraded $6.1M Deal Featuring Immediate Cash Injection and 12% Yielding Preferred Equity
Captures $250,000 in immediate non-refundable capital, eliminates warrants in favor of preferred equity, and sharpens execution on its $100B live entertainment and ticketing expansion. OVERLAND PARK, KS, July 27, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST) (“Kustom” or the “Company”), an emerging force in live music festival production and proprietary ticketing operations, today announced a major upgrade to its divestiture strategy. On July 23, 2026, the Company executed t
AG James: Owners of Newburgh apartments must make repairs, refund tenants
New York Attorney General Letitia James announced a settlement in a lawsuit filed against the owners of the Kenney Apartments.
Nintendo customers have no legal right to tariff refunds, company tells judge
Nintendo says Switch buyers got what they paid for, urges court to dismiss lawsuit.
Nintendo files motion to dismiss consumer lawsuit over tariff refunds
"If a consumer did not want to pay the advertised price, they were free to abstain from purchasing the product or seek out competing products"
Nintendo says it has no legal duty to pass its U.S. tariff refunds on to consumers
Nintendo is asking a court to dismiss a proposed class action suit that was filed this past spring by gamers who say the Mario maker is breaking the law if it doesn’t pass on its U.S. tariff refunds to consumers. Those consumers “received exactly what they bargained and paid for” when buying price-hiked Nintendo goods last year, the company said in a filing on Monday in the case of Hoffert et al v. Nintendo. “Plaintiffs are not entitled to a rebate simply because of intervening legal developments related to tariffs.” Nintendo increased the price of Switch 2 controllers and the original Switch last year, following the imposition of globe-spanning U.S. tariffs (tariffs described by Nintendo’s lawyers on Monday as “sweeping” and “constantly changing”). This past February, the U.S. Supreme Court ruled that the tariffs were illegal. A month later, Nintendo sued the U.S. government to get a refund. And in April, gamers filed the class action claim against Nintendo in Washington, saying it would be illegally double-dipping if it made money from tariff-hiked sales and then from a refund. The gamers sought relief for anyone in the U.S. who bought price-hiked Nintendo items between February 2025 and February 2026. “The common thread among Plaintiffs’ claims is that it is somehow ‘unfair; that Nintendo has not retroactively adjusted its prices for completed sales in response to the outcome of the tariff litigation,” the company’s lawyers wrote in today’s motion to dismiss. “But that is now how commercial transactions work.
Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
NEW YORK (AP) — Shoppers slowed their spending in June from May as amid continuing economic uncertainty and fading benefits from generous government tax refunds. Retail sales rose 0.2% in June…
Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
Shoppers slowed their spending in June from May amid continuing economic uncertainty and fading benefits from generous government tax refunds.
Over $63 million is on its way to overcharged NV Energy customers
NV Energy has started issuing refunds to customers who were overcharged.
Refunds for Dying Light 2 PS4 Users as The Beast Is Cancelled for Last-Gen System
Was originally promised in Dying Light 2 season pass
Tariff refunds accelerated sharply in June as the US paid out almost $50 billion to businesses
The US sent out $49.1 billion in tariff refunds in June as the checks to businesses accelerated in the second full month of payouts after the US Supreme Court invalidated President Trump's blanket tariffs.
Small-business owner paid thousands in tariffs, doesn't expect refunds
Marc Bowker, who sells comic books and action figures, says he paid thousands in tariff fees but doesn't expect to see any refunds.
Winner and Loser of the Week in Florida politics
Taylor Hatch exits DCF, FPL customers get refunds, and Jay Collins has another brutal week.
Waffle House lawsuit: Employees seek refunds over alleged illegal tobacco health insurance surcharge
If you work at Waffle House and use tobacco products, you may have been paying an extra fee on your health insurance that a new federal lawsuit says was illegal. A Georgia woman wants that money back for herself and thousands of others.
Democrat Gina Hinojosa wants to send $1,500 to every Texas household
The so-called “Corruption Tax Refund” checks are the latest effort by the Austin Democrat to brand Gov. Greg Abbott as beholden to big donors.
Lawmakers end multi-million-dollar hospital tax “loophole”
By Michelle Crouch Co-published with The Charlotte Ledger A little-noticed provision in the state budget that was approved last week aims to shut down a tax strategy used by at least one hospital system to exceed the state’s sales tax refund cap. The change would require nonprofit and public hospital systems to file a single […]
Indie Dev Says Game Refunded 55,000 Times Via Steam Loophole
Valve's refund policy allows any game that's been played for under two hours to be immediately refunded
Steam Rules Must Change, Developer Says, After Players Praise Bitesize Game But Are Allowed to Refund It Anyway
A Steam game developer has called for the storefront's refund policy to be changed, after players who praised its bitesize game were still able to get their money back.
Tariff refunds landing for Colorado importers, though not without a cost for small business
At least $23.7B in refunds from unlawful tariffs have been refunded to U.S. importers out of an estimated $166B owed, according to court testimony
Woman accused of trying to steal $52K through fraudulent refunds at Northwest Freeway business
April Timberlake was arrested after allegedly attempting to process fraudulent refunds totaling approximately $52,000 at her workplace on the Northwest Freeway, according to Harris County Precinct 4 Constable’s Office.
Reps. Mejia, Cleaver Demand Trump Administration Automatically Refund Illegal Tariffs Collected from U.S. Small Businesses and Provide Refunds to American Consumers
Reps. Mejia, Cleaver Demand Trump Administration Automatically Refund Illegal Tariffs Collected from U.S. Small Businesses and Provide Refunds to American Consumers Washington D.C. – Today, U.S. Representatives Analilia Mejia (D-NJ) and Emanuel Cleaver, II (D-MO) led dozens of lawmakers in demanding the Trump administration make consumers eligible for tariff refunds and implement an automatic refund[...]
New York, 6 other states sues over the Trump administration's deal to end an offshore wind project
The federal goverment is giving French company TotalEnergies $1 billion — essentially a refund of its leases for offshore wind projects off New York and North Carolina — if it invests the money in fossil fuel projects instead.
'Not normal business': Judge orders Trump officials to explain tariff refund holdup
Tens of billions of dollars in tariff refunds have already gone out the door, but the Trump administration and the nation's top trade court are locked in a standoff over issues like the progress of the program and whether future payouts can be limited.
Roundup: US retail industry / Anthropic / Business opportunity
Facing challenges: The retail industry emerged from a choppy first quarter relatively unscathed, but higher-than-usual tax refunds likely helped to buoy spending. The second quarter could offer a clearer view on consumer health and just how much gas price increases and persistent inflation have disrupted the economy and put more pressure on household budgets. The […]
Companies quietly chase billions in Trump tariff refunds as lawsuits and politics mount
Trump blasts corporate tariff refunds as ‘unpatriotic’ as billions flow back to big business
Tariff refunds may evade small businesses in Michigan
Small Michigan businesses face losses as tariff refunds go to importers of record instead of retailers.