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New payment options are popping up in your online shopping cart.There's been an explosion of retailers, including Amazon and Target, adding buy now, pay later options.“In general, I'm not a huge fan of these services really, because I'm worried about any sort of consumer debt,” said Ted Rossman, a financial expert at Bankrate. “And if you don't really have the money to pay for it today, but you think you'll have it in six weeks, that's a slippery slope.”Rossman says point-of-sale apps have seen triple digit growth over the holiday season.They typically require a payment up front and a few more payments spread out over six weeks or so. If you pay on time, usually there's no interest or fees.Rossman says research has found that almost half of buy now, pay later customers have paid late at some point, mainly because they were disorganized.Stores like them for several reasons, including because they tend to get people to spend more.“They also like the potential loyalty and big data play that they can actually learn a lot about their customers, and they work very closely with a lot of these services,” said Rossman.Most buy now, pay later lenders typically do a soft credit check. They won't typically help you build credit, but they could hurt your credit if you pay late because they will report that.“I just think that's a little bit short sighted, because if you use a credit card and are paying full, you avoid interest, but you get better promotions, you get rewards, you get better buyer protections,” said Rossman.Rossman says these options are appealing even to people who have credit, because of their predictability.He thinks we will see more of these with retailers not being able to push store credit cards as much with fewer in person shoppers. 1778
NEW YORK (AP) — Chelsea Clinton is extending her celebration of women to chapter books and the world of sports. Clinton's "She Persisted in Sports: American Olympians Who Changes the Game" will be published Sept. 22 by the children's imprint Philomel Books. The latest of Clinton's best-selling "She Persisted" picture books will include sections on Wilma Rudolph, Mia Hamm, and Venus and Serena Williams. Also on Monday, Philomel announced that a new series of chapter books will feature 80-page stories on women that Clinton previously honored. The series begins in January with "She Persisted: Harriet Tubman," written by the award-winning author Andrea Davis Pinkney. 679
NEW YORK CITY — Snitches get — a quarter of the proceeds?New York City city legislators have proposed a new bill that would allow people in the city to report others for parking illegally and take a cut of the fine.Two Democratic New York City councilmen — Council Speaker Corey Johnson and Stephen Levin — are the primary sponsors of the bill that would create a 5 fine for obstruction of a bike lane, bus lane, sidewalk, cross walk or fire hydrant under certain conditions.The bill would also create a civilian reporting program, essentially allowing passersby to submit complaints — and provide evidence — of a violation to the Department of Transportation. Once the city collects the fine, the complainant gets 25%.If the bill passes, it'll bring new meaning to "if you see something, say something."This story was originally published by Corey Crockett on WPIX in New York City. 894
NEW YORK (AP) — Martha Stewart's first Uber ride was not a good thing.Stewart ordered the "most expensive version" Monday outside Tiffany's flagship store in New York City. As Stewart explained on Instagram , she wanted to be picked up on Fifth Avenue and 57th Street.Stewart wrote the first car did not show up and the second parked "halfway down" the street where she "could not see the license plate." That car was pointed in the wrong direction, delaying her journey as the car snaked through midtown Manhattan traffic.But the worst part was the car "was a mess inside and out!!!!!!!!" She posted a picture that showed debris on the floor and two water bottles.Uber says it was disappointed to hear about Stewart's first experience and has reached out to her and her team. 794
NEW YORK CITY — Two men have been indicted in the 2002 murder of Run-DMC DJ Jam Master Jay, officials announced on Monday.The hip-hop star, whose real name is Jason Mizell, was shot and killed in his recording studio in Queens on Oct. 30, 2002. He was 37.Federal prosecutors and members of the NYPD identified the suspects as Ronald Washington and Karl Jordan Jr. Watch the news conference below:Washington has long been a person of interest in the case. He is currently serving a federal prison sentence for robbery and is expected to be arraigned in connection with Jam Master Jay's death later this week.Jordan Jr. was expected to be arraigned on murder and other charges Monday afternoon.Jam Master Jay was one-third of the celebrated rap group, Run-DMC — one of the most popular trios in hip-hop history. His fellow group members, Joseph "Run" Simmons and Darryl "D.M.C." McDaniels, were not in the second-floor studio on Merrick Boulevard in Jamaica when the gunfire broke out.The hip-hop legend was known for his Adidas wardrobe, black hat, leather jacket, and large, gold chain. As a DJ, he had hands of gold.The NYPD said Jam Master Jay was part of a cocaine trafficking conspiracy that led to his murder, and said the DJ had threatened to cut one of his alleged killers out of a deal with a Maryland distributor.Jay was playing video games on a couch in the studio shortly before two men were buzzed in by his assistant, Lydia High. One of them hugged Jam Master Jay before the first bullet was fired.Jay's friend, Tony Rincon, was hit by one bullet in the leg and the next bullet hit Jay in the head, killing him.He is survived by his wife and three children.This story was originally published by Mary Murphy and Lauren Cook on WPIX in New York. 1765