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Retail credit card interest rates hit all-time high

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Retail credit card interest rates hit all-time high – CBS News


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The average rate on credit cards from some of America’s biggest retailers has soared to an all-time high of more than 30%, according to personal finance site Bankrate. That’s up from just over 24% in 2021. CBS News MoneyWatch correspondent Kelly O’Grady has a look at the rates.

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U.K. national fighting for Ukraine reportedly captured by Russia

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U.K. national fighting for Ukraine reportedly captured by Russia – CBS News


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A British national fighting with Ukrainian forces has reportedly been captured by the Russian military. If confirmed, it would be the first publicly known case of a Western national captured on Russian soil while fighting for Kyiv. CBS News senior national security correspondent Charlie D’Agata has the latest on the war.

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The Menendez brothers are set to appear in court today in bid to be released from prison

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Erik and Lyle Menendez are set for a Monday court appearance in Los Angeles after their lawyers requested that a judge review potential new evidence and consider resentencing in their first-degree murder convictions for the 1989 killings of their parents.

The status hearing scheduled for 10:30 a.m. at the Van Nuys West Courthouse involves a habeas corpus petition filed last year by their attorneys, which argues that two new pieces of evidence not presented during the brothers’ two trials support their allegations of sexual abuse by their father. 

The 21-page petition states that the evidence helps show that Erik and Lyle Menendez killed their parents in self-defense, and undercuts the prosecution’s argument during the second trial that the brothers were lying about the abuse and the killings were motivated by greed. 

A history of the Menendez brothers case

Erik and Lyle Menendez fatally shot their parents, Jose and Kitty Menendez, on Aug. 20, 1989 at their Beverly Hills home. They were arrested months later and charged with first-degree murder. 

From there, they faced two jury trials in 1993 and 1995, with the first ending in a hung jury and mistral, and the second resulting in guilty verdicts.

They were sentenced to life in prison without the possibility of parole in July 1996.

The case gained renewed public attention after a Netflix documentary and drama series recently released this year, and was a focus of the recent election for Los Angeles County district attorney. 

Several of the brothers’ family members have called for their release in light of generational shifts in conversations about abuse. 

Decisions on resentencing, clemency

Erik and Lyle Menendez are set for another hearing on Dec. 11 after LA County District Attorney George Gascón made a recommendation for resentencing last month. District Attorney-elect Nathan Hochman, who unseated Gascón in the Nov. 5 election, takes office on Dec. 2.

The DA’s office has said that the habeas petition and possible resentencing take different factors into consideration.

“While the habeas petition raises questions about the evidence at trial, the resentencing request focuses on rehabilitation and behavior during time served,” the DA’s office said in an Oct. 24 statement

Although Erik and Lyle Menendez have also petitioned for clemency, Gov. Gavin Newsom said earlier this month he will defer the decision to allow Hochman to review the case upon entering office.

The Menendez brothers’ habeas petition

The brothers are expected to appear remotely at Monday’s hearing on their habeas petition.

Appellate attorneys for the Menendez brothers have asked the court to review a sworn declaration by Roy Rossello, a former member of the Latin American boy band, Menudo, who alleged he was raped in the 1980s by Jose Menendez. Rossello was a teenager 14 or 15 at the time the band was signed to RCA Records, where Jose Menendez was an executive.

The other piece of potential new evidence is a letter said to be written by Erik to his cousin, Andy Cano, about eight months before the killings. As cited in court filings, the letter reads, in part, “Its (sic) still happening Andy but its worse for me now. I can’t explain it… I never know when its (sic) going to happen and its driving me crazy.”

“Every night I stay up thinking he might come in. I need to put it out of my mind. I know what you said before but I’m afraid. You just don’t know dad like I do,” the letter continues. “He’s crazy! He’s warned me a hundred times about telling anyone especially Lyle… I don’t know I’ll make it through this. I can handle it, Andy. I need to stop thinking about it.”

Jose Menendez’s younger sister, Marta Cano, discovered the letter, court filings state, while one of the brothers’ attorneys, Cliff Gardner, found out about Rossello’s allegation in November 2022. 

In court filings, attorneys for the Menendez brothers argue that these two new pieces of potential evidence contradict the prosecution’s argument in the second trial that Jose Menendez was “not the kind of man” to abuse children was “not a violent and brutal man.”

“In short the new evidence not only shows that Jose Menendez was very much a violent and brutal man who would sexually abuse children, but it strongly suggests that — in fact — he was still abusing Erik Menendez as late as December 1988,” court documents state. “Just as the defense had argued all along.”

Response from family members, law enforcement

The Beverly Hills Police Department, which investigated the 1989 killings, released a statement after Gascón announced his resentencing recommendation, saying detectives “presented relevant facts and evidence” to prosecutors that led to the filing of criminal charges.

Several family members have supported the Menendez brothers’ bid for freedom, appearing at a news conference in downtown Los Angeles last month to plead for their release.

“I never thought this day would come. I am Kitty’s sister,” their aunt, Joan VanderMolen, told reporters. “For many years, I struggled with … what happened to my sister’s family. It was a nightmare none of us could’ve imagined. But as details of Lyle and Erik’s abuse came to light, it became clear that their actions – while tragic – were the desperate response of two boys trying to survive the unspeakable cruelty of their father.”

“They were just children — children who could’ve been protected and were instead brutalized in the most horrific ways,” said VanderMolen, 92. “The world was not ready to believe that boys could be raped or that young men could be victims of sexual violence. Today we know better.”

Meanwhile, at least one of their relatives, maternal uncle Milton Andersen, has spoken out against the possibility of an early release, with his attorney expressing opposition to the court.

Gardner, who filed the habeas petition on the brothers’ behalf in May 2023, told CBS News’ “48 Hours” earlier this year that the newly discovered letter and Rossello’s affidavit proves their murder convictions should be vacated.

“The boys were abused as children. They were abused their whole life. … And this is a manslaughter case, not a murder case. It’s just that simple,” Gardner said. “My hope in the case is that the judge will realize that this new evidence is indeed credible and persuasive, and he’ll vacate the convictions.”



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What legal actions can creditors take if you don’t pay your credit card debt?

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A gavel is placed on a computer keyboard next to several credit cards
Not paying your credit card bill could result in serious legal repercussions.

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Managing credit card debt can be challenging, especially when unforeseen financial struggles arise. While credit cards provide convenience and purchasing power, failing to make at least the minimum payments on your balance can lead to serious consequences. After all, ignoring your debt doesn’t make it go away; instead, it can lead to increasingly serious repercussions over time. 

When you miss payments on your credit card, the consequences start small — typically via late fees and higher interest rates. After several months of non-payment, creditors may charge off your debt and sell it to a third-party collection agency. This can lead to more aggressive attempts to recover the money as well as damage to your credit score. In some cases, creditors or collectors may take legal steps to compel you to pay.

Understanding the potential legal ramifications of delinquent credit card debt is crucial for anyone struggling to keep up with their payments. By understanding the possible consequences — and the options available to you — you’ll be better prepared to protect yourself from further harm.

Learn what your credit card debt relief options are today.

What legal actions can creditors take if you don’t pay your credit card debt?

Creditors have a range of legal tools at their disposal to recover unpaid credit card debt. If you fail to respond to their initial attempts to collect, they may escalate the matter through more formal avenues. Here are some of the most common legal actions creditors or collection agencies may pursue:

Lawsuits

If you have not paid your debt after multiple notices, a creditor or debt collector may file a lawsuit against you. This is one of the most severe actions they can take and typically involves a formal complaint filed in a court of law. You will receive a court summons, and failure to respond can result in a default judgment against you. If the court rules in favor of the creditor, they will issue a judgment that legally confirms the debt you owe. With this judgment, creditors gain additional enforcement powers.

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Wage garnishment

Once a judgment is obtained, the creditor may request a wage garnishment order. This allows them to take a portion of your paycheck directly from your employer until the debt is satisfied. Wage garnishment laws vary by state, though, and there are limits to how much can be taken from your income. With wage garnishment:

  • Up to 25% of your disposable income could be garnished
  • Garnishment continues until the debt is paid
  • Employers must comply with garnishment orders
  • Some income sources, like Social Security, are protected

Property liens

In some cases, creditors may opt to place a lien on the property you own, such as your home. A lien prevents you from selling or refinancing the property until the debt is paid. While this is less common for unsecured debts like credit cards, it can still occur under certain circumstances. With a property lien:

  • You’re prevented from selling or refinancing without paying the debt
  • Multiple properties could be impacted
  • The lien may lead to a forced sale in some cases
  • It stays in place until the debt is satisfied

Bank levies

Creditors with a judgment may also freeze your bank account to recover the debt. This process, known as a bank levy, allows them to withdraw funds directly from your account. State laws govern how much money can be seized, ensuring some funds are protected for basic living expenses. With a bank levy:

  • Access to your accounts can be restricted
  • Funds can be taken to pay the debt
  • Joint accounts may be affected
  • Some funds, like federal benefits, are exempt

Asset seizure 

Though rare, creditors may attempt to seize other assets you own to satisfy the debt. This typically happens if the debt is substantial and other collection efforts have failed. Laws vary widely regarding which assets are protected from seizure.

What debt relief options can help you avoid legal actions?

If you’re unable to pay your credit card debt, taking proactive steps can help you avoid these legal consequences. Here are some strategies to consider:

  • DIY negotiations with creditors: Many creditors are willing to negotiate repayment terms to avoid costly legal proceedings. You can request a lower interest rate, reduced monthly payments or even a settlement for less than the full amount owed. 
  • Debt management plans: A credit counseling agency can help you create a debt management plan to consolidate your debts into a single monthly payment, often with reduced interest rates, allowing you to pay off your balances over time.
  • Debt forgiveness (or debt settlement): If you’re significantly behind on payments, enrolling in a debt forgiveness program could lead to settling your debt for a lump sum that is less than the total amount owed. 
  • Bankruptcy: As a last resort, filing for bankruptcy can provide legal protection from creditors. Chapter 7 bankruptcy allows you to discharge most unsecured debts, while Chapter 13 establishes a repayment plan. 

The bottom line

Falling behind on credit card payments can lead to legal challenges, but you don’t have to face them alone. Creditors have the right to take legal action, but understanding the steps they might take and your rights as a debtor can empower you to respond effectively. Whether through negotiation, professional assistance or legal measures, there are ways to address your debt and regain control of your financial future. 



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