BurgerFi files for bankruptcy protection, plans to keep all locations open
Fort Lauderdale-based BurgerFi has filed for Chapter 11 bankruptcy protection but plans to keep all of its stores including several in Central Florida open while it figures out how to climb out of its debt.
The company, known for high-quality burgers, hot dogs and craft beer and wine, acquired Anthony’s Coal Fired Pizza & Wings in 2021 but has been signaling possible financial trouble for months as it coped with rising food prices and declining sales.
In May it announced it was undergoing a “strategic review process” and offered no assurance that the process would result in an outcome “favorable to the Company or its shareholders.”
Overheard: Rise in EV warranty work in service departments should spur new strategies
Warranty work on EVs is expected to increase. This should prompt new strategies for dealership service departments, said Jim Roche, CEO of warranty processing platform WarrCloud.
Nissan cuts output of 2 core models, including bestselling Rogue
In a memo to retailers obtained by Automotive News, Nissan said it will cut production of the Rogue crossover and Frontier pickup by up to 40,000 vehicles.
ACA enrollment platforms suspended over alleged foreign access to consumer data
Julie Appleby | (TNS) KFF Health News
Suspicions that U.S. consumers’ personal information could be accessed from India led regulators to abruptly bar two large private sector enrollment websites from accessing the Affordable Care Act marketplace in August.
New details about the suspensions come in legal filings made late Friday stemming from an effort by the two to regain access to the Obamacare marketplace before the upcoming ACA open enrollment period, which starts Nov. 1.
The Centers for Medicare & Medicaid Services wrote in a Sept. 2 letter to the companies that they were suspended after the agency identified “a serious lapse in the security posture” that could have led to marketplace data, including consumers’ personal information, being accessed from overseas.
The letter, included in the court filings, also noted that regulators will audit the two companies because they have “reasonable suspicion” that they are players in a separate problem: signing people up for Obamacare coverage — or changing their policies — without the consumers’ permission.
Act now: Two key student debt relief programs expire Sept. 30
By Eliza Haverstock | NerdWallet
If you’ve been skipping your federal student loan bills, or you have defaulted loans, your time is running out to get back on track without harsh consequences. Two key pandemic-era relief programs are set to expire on Sept. 30: the student loan on-ramp and the Fresh Start program.
Millions of borrowers are benefitting from the on-ramp or Fresh Start — and some may not know it. To check, log into your studentaid.gov account and review your monthly payment history and loan repayment statuses. If you have missed or late payments, you’re on the on-ramp. If you have a loan listed as in default, you’re benefiting from the Fresh Start program.
In either case, you need to act by Sept. 30. Here’s how.
Student loan on-ramp: Make a plan to deal with your bills
The student loan on-ramp began Oct. 1, 2023, and lasts until Sept. 30, 2024. It’s intended as a safety net for the “most vulnerable borrowers,” the White House said last summer.
The program is automatic for all borrowers who miss payments during this time — there is no enrollment process. During the on-ramp, you can’t fall into delinquency or default. Missed payments won’t be reported to credit bureaus.