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    Next 5 Days
    • Today

      Aug 16

      75° /64°F
      Mostly cloudy and humid
    • Thu

      Aug 17

      73° /56°
      A little rain in the morning
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    • Fri

      Aug 18

      77° /58°
      A p.m. t-storm in spots
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    • Sat

      Aug 19

      81° /63°
      Mostly sunny and nice
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    • Sun

      Aug 20

      84° /64°
      Some sun, a t-storm; humid
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    Day

    75°Hi RealFeel® 81° Precipitation 25%
    Mostly cloudy and humid
    • Winds from the
    • SE 7 mph
    • Gusts: 17 mph
    • Max UV Index: 4 (Moderate)
    • Thunderstorms: 24%
    • Precipitation: 0 in
    • Rain: 0 in
    • Snow: 0 in
    • Ice: 0 in
    • Hours of Precipitation: 0 hrs
    • Hours of Rain: 0 hrs

    Night

    64°Lo RealFeel® 62° Precipitation 76%
    Heavy rain and a t-storm this evening; cloudy and humid with a little rain late; watch for flooding
    • Winds from the
    • SSW 6 mph
    • Gusts: 9 mph
    • Max UV Index: N/A
    • Thunderstorms: 24%
    • Precipitation: 0.78 in
    • Rain: 0.78 in
    • Snow: 0 in
    • Ice: 0 in
    • Hours of Precipitation: 5 hrs
    • Hours of Rain: 5 hrs

    Temperature History

    more Historical Weather Data >
      Today Normal Record 8/16/2016
    High 75° 79° N/A 81°
    Low 64° 61° N/A 65°

    Sunrise/Sunset

    • Sunrise: 6:19 AM
    • Sunset: 8:21 PM
    • Duration: 14:02 hr

    Moonrise/Moonset

    • Moonrise: 1:02 AM
    • Moonset: 4:00 PM
    • Duration: 14:58 hr
    Astronomy

    FOX 9 Minneapolis Headlines

    AG sues companies that required vets, seniors to sign over montly pensions

    Minnesota Attorney General Lori Swanson is suing two companies that required military veterans and senior citizens to sign over their monthly pension payments in exchange for small loans to cover household emergencies and basic living expenses. The lawsuit claims the companies commonly charged high interest rates that only made peoples' financial troubles worse.

    According to a news release, Future Income Payments, LLC of Delaware and FIP, LLC of Nevada issued loans to veterans who received military pensions or disability benefits and senior citizens who have pensions from private sector jobs.

    The lawsuit, filed Wednesday, alleges the companies violated Minnesota's lending laws because they did not have a license to issue the loans. Both companies are also accused of falsely characterizing the transactions as "purchase agreements" for pensions, not loans.

    Most loans issued by the company were for less than $5,000 and the most common interest rate charged to borrowers was 200 percent. In some cases, borrowers had to repay more than 10 times what they borrowed.

    In one of the examples cited in the lawsuit, a 73-year-old disabled Vietnam veteran borrowed $1,800 to pay for his sick wife's medical expenses and other bills. To repay his loan, he has to pay the company $300 from his monthly VA benefits for four years -- a 199.9 percent interest rate and more than eight times what he borrowed.

    "These companies had veterans and seniors sign over significant portions of their monthly pensions and benefits for years to come in exchange for much smaller immediate cash payments to cover basic living costs, medical bills, and household emergencies," Swanson said in a statement. "A pension is supposed to provide financial security, and people should be very cautious about giving away their future pension benefits to get just pennies on the dollar in immediate cash. Borrowers' finances can become even tighter down the road if they relinquish their future monthly pension payments."

    Colorado, California, Massachusetts, North Carolina, New York, Washington, Iowa and Pennsylvania have also filed lawsuits against one of both companies in recent years.

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