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Agency says apps that let workers access paychecks before payday are providing loans
The Consumer Financial Protection Bureau said Thursday that apps that allow workers to access their paychecks should be subject to the Truth in Lending Act, a 1968 law that requires lenders disclose all loan costs and fees.
Texas-based developer abandons Old Meridian Apartments project in Carmel
Old Meridian Apartments, a $60 million proposed project by Cross Development LLC, was called off because the city’s incentive for the project was not enough to make it feasible for the developer.
Lilly shares slide 7% after Roche announces obesity pill test results
The Roche drug is a once-daily pill, compared to Lilly’s tirzepatide, sold under the brand names Mounjaro (for diabetes) and Zepbound (for obesity), which is a once-weekly shot.
Caitlin Clark looking forward to time off, turns down All-Star skills invitation
Clark is looking forward to the WNBA’s monthlong hiatus for the Paris Olympic Games, but first she will play for the WNBA All-Stars against the U.S. women’s Olympic team in Phoenix on Saturday night.
Amazon rakes in $14.2B for Prime Day sale, up 11% from a year ago
Top-selling products included protein shakes, Amazon’s Fire TV Stick streaming device and Glad brand trash bags, according to Numerator.
Former Carnegie Library to become Atlanta Town Hall in northern Hamilton County
The Neoclassical-style building at 100 S. Walnut St. was the Hamilton North Public Library’s North Branch before it closed last year due to decreasing use and budget constraints.
Revamped downtown CSX redevelopment plan features upscale hotel, music venue
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Recount results for races still not certified over two months after primary election
In May, the Indiana Recount Commission approved two recount efforts in Hendricks and Elkhart counties. Initial tallying for one of the disputed races has not even started.
UPDATE: WRTV morning anchor Lauren Casey departs station
Casey, who hosted WRTV’s “Good Morning Indiana” show, is leaving the station to take a job in public relations.
Mass Ave Starbucks first in Indianapolis to unionize
In an election Wednesday, workers at the 430 Massachusetts Ave. store voted to become part of Starbucks Workers United, the national union.
Nearly two-thirds of Democrats want Biden to withdraw, new poll finds
The findings underscore the challenges the 81-year-old president faces as he tries to silence calls from within his own party to leave the race and tries to convince Democrats that he’s the best candidate to defeat Donald Trump.
Appeals court refuses to lift order blocking rule meant to expand protections for LGBTQ+ students
The ruling kept in place a preliminary injunction issued last month by a federal district judge in Kentucky. That order blocked the new rule in six states—Kentucky, Indiana, Ohio, Tennessee, Virginia and West Virginia.
New Market District grocery store set to open in Westfield
Market District, operated by Giant Eagle, will offer a grab-and-go prepared food section, bakery, deli counter with meats, cheeses and charcuterie, and event catering.
Longtime Cup owner Rick Hendrick to drive pace car at Brickyard 400
Hendrick Motorsports has won at least one race in each of the past 39 seasons, and Hendrick driver Jeff Gordon won the first Brickyard.
Capital One offers $265B benefit plan to appease regulators for planned purchase of Discover
Capital One said it plans to buy and merge with Discover Financial Services, which will create the seventh-largest bank in the country as well as the largest credit card company. Capital One would also acquire Discover’s payment network, a rare asset.
Elevance Health stock falls as medical costs show signs of rising
The Indianapolis-based health insurance giant posted solid second-quarter results, but emerging pressure in Medicaid appeared to spook investors.
Honest Abe Auto Sales to pay customer restitution in deceptive advertising settlement
The Indiana attorney general’s office said Sycamore Cos., which operates four used car dealerships under the Honest Abe name, deceived customers about the true cost of financing a vehicle purchase.
Indiana lands $1.2M in federal support for apprenticeship programs
The money will expand registered apprenticeships in K-12 education, transportation, clean energy, supply chain, hospitality, care economy and other public sector occupations.
Nursing homes report payment disruption under managed care
Nursing home operators in the state say they haven’t been paid for their work since the state transitioned to managed care for certain Medicaid services on July 1.
