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Refund for "illegally high interest"
12:44 am
Wed May 21, 2014

NYAG: online lender will refund $20M to New Yorkers

New York Attorney General Eric Schneiderman, speaks during a news conference in 2013.
Credit AP/Matt Rourke

An online payday lender will begin refunding borrowers in New York up to $20 million in what regulators call "illegally high interest" rates. 

Western Sky Financial was a prominent online lender that offered short-term loans at triple digits interest rates. New York sued along with several other states with strict usury laws that cap interest rates. In New York the interest rate cap is 16%.  

Officials say the users of the site who register with settlement manager will get refunds based on the difference between the legal interest rate and the rate charged.  

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"Tax Freeze" made schools weary of big hikes
10:26 pm
Mon May 19, 2014

Few Long Island schools aim to pierce tax cap

New York Governor Andrew Cuomo touting new "tax freeze" law.
Credit AP/Mike Groll

Long Island schools put their budgets up for vote Tuesday. Most school districts hope to increase their tax levies at or just below the 2% cap on property tax increases that New York Governor Andrew Cuomo signed into law in 2011.

Four Suffolk schools are attempting to exceed that cap: West Babylon, Sayville, East Hampton, and Bridgehampton. Officials say the districts received less state school aid than they were hoping and so piercing the cap is necessary.

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Conn gubernatorial election taking shape
6:09 pm
Mon May 19, 2014

Democrat Malloy and Republican Foley spar following their party conventions

Connecticut’s Democratic Governor Dannel Malloy and his leading Republican challenger Tom Foley are taking shots at each other following their party conventions over the weekend.  The candidates are picking up from four years ago when Malloy narrowly beat Foley.

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Allegedly wanted to hide she wasn't to be a grad
6:07 pm
Mon May 19, 2014

Quinnipiac dropout allegedly called in bomb threat at commencement

A former Quinnipiac University student is facing charges after police say she phoned in bomb threats before the university’s graduation ceremony Sunday. Police say she didn't want her family to find out she wasn't graduating.

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Connecticut's Technical High Schools
10:50 am
Mon May 19, 2014

A new start for J.M. Wright Tech

An entrance to the new J.M. Wright Technical High School in Stamford, Conn.
Kaomi Goetz

Stamford is once again home to one of Connecticut's state-run technical high schools. It's reopening this fall after the state shut it down five years ago. We take a look at the school’s rebirth and what administrators are doing to make sure it’s not closed again. 

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