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U can't pay this: MC Hammer sued over delinquent car loan

U can't pay this: MC Hammer sued over delinquent car loan

Business Times3 days ago
BAGGY pants-wearing rapper MC Hammer is being sued in a US court for allegedly failing to pay off a car loan.
The man behind the 1990 megahit U Can't Touch This is facing a lawsuit from JPMorgan Chase claiming he has stopped making payments on a luxury Land Rover.
The suit, filed in a California court last week, names MC Hammer and U Can't Touch This LLC as defendants in the case, claiming the bank loaned them US$114,000 to buy the vehicle in 2023.
But after allegedly missing a number of monthly payments, the rapper and his company still owe more than US$76,000.
Hammer, whose real name is Stanley Burrell, broke onto the rap scene in the 1980s, but became a global figure with U Can't Touch This.
The rapper's signature 'Hammer Pants', coupled with his rapidly moving elastic legs, made for a dance move that was copied all over the world.
Despite a tie-up Mattel figurine and the Hammerman cartoon, his stardom waned and by the mid-1990s, Hammer was going through bankruptcy. AFP
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U can't pay this: MC Hammer sued over delinquent car loan
U can't pay this: MC Hammer sued over delinquent car loan

CNA

time3 days ago

  • CNA

U can't pay this: MC Hammer sued over delinquent car loan

Baggy pants-wearing rapper MC Hammer is being sued in a US court for allegedly failing to pay off a car loan. The man behind the 1990 megahit U Can't Touch This is facing a lawsuit from JPMorgan Chase claiming he has stopped making payments on a luxury Land Rover. The suit, filed in a California court last week, names MC Hammer and U Can't Touch This LLC as defendants in the case, claiming the bank loaned them US$114,000 (S$146,000) to buy the vehicle in 2023. But after allegedly missing a number of monthly payments, the rapper and his company still owe more than US$76,000. Hammer, whose real name is Stanley Burrell, broke onto the rap scene in the 1980s, but became a global figure with U Can't Touch This. The rapper's signature "Hammer Pants", coupled with his rapidly moving elastic legs, made for a dance move that was copied all over the world. Despite a tie-up Mattel figurine and the Hammerman cartoon, his stardom waned and by the mid-1990s, Hammer was going through bankruptcy.

U can't pay this: MC Hammer sued over delinquent car loan
U can't pay this: MC Hammer sued over delinquent car loan

Business Times

time3 days ago

  • Business Times

U can't pay this: MC Hammer sued over delinquent car loan

BAGGY pants-wearing rapper MC Hammer is being sued in a US court for allegedly failing to pay off a car loan. The man behind the 1990 megahit U Can't Touch This is facing a lawsuit from JPMorgan Chase claiming he has stopped making payments on a luxury Land Rover. The suit, filed in a California court last week, names MC Hammer and U Can't Touch This LLC as defendants in the case, claiming the bank loaned them US$114,000 to buy the vehicle in 2023. But after allegedly missing a number of monthly payments, the rapper and his company still owe more than US$76,000. Hammer, whose real name is Stanley Burrell, broke onto the rap scene in the 1980s, but became a global figure with U Can't Touch This. The rapper's signature 'Hammer Pants', coupled with his rapidly moving elastic legs, made for a dance move that was copied all over the world. Despite a tie-up Mattel figurine and the Hammerman cartoon, his stardom waned and by the mid-1990s, Hammer was going through bankruptcy. AFP

Trump says banks discriminate against his supporters while White House prepares order
Trump says banks discriminate against his supporters while White House prepares order

Straits Times

time5 days ago

  • Straits Times

Trump says banks discriminate against his supporters while White House prepares order

Sign up now: Get ST's newsletters delivered to your inbox Mr Trump said Bank of America and JPMorgan Chase had previously refused to accept his deposits. WASHINGTON - US President Donald Trump on Aug 5 said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused to accept his deposits. 'They totally discriminate against, I think, me maybe even more, but they discriminate against many conservatives,' he told CNBC in an interview. 'I think the word might be Trump supporters more than conservatives.' Mr Trump made the comments when asked about a report by the Wall Street Journal that said he planned to punish banks that discriminated against conservatives , but did not address the order specifically. The order instructs regulators to review banks for 'politicised or unlawful debanking' practices, according to a draft reviewed by Reuters. 'Well, they did discriminate,' Mr Trump said of actions taken by JPMorgan Chase after his first term in office. 'I had hundreds of millions, I had many, many accounts loaded up with cash... and they told me, 'I'm sorry sir, we can't have you. You have 20 days to get out.'' Mr Trump said, without providing evidence, that he believed that the banks' refusal to take his deposits indicated that the administration of former President Joe Biden had encouraged banking regulators to 'destroy Trump.' Top stories Swipe. Select. Stay informed. Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Asia Philippines, India shore up ties amid China tensions, US tariff risks Singapore 'She had a whole life ahead of her': Boyfriend mourns Yishun fatal crash victim Singapore Doctor hounded ex-girlfriend, threatened to share her intimate photos, abducted her off street Asia Trump's transactional foreign policy fuels 'US scepticism' in Taiwan Singapore Beauty industry consumers hit by 464% rise in prepayment losses in first half of 2025 Singapore Over 5,900 vape products found in car at Woodlands Checkpoint Singapore 13 taken to hospital after accident involving SBS buses, car in Tampines Mr Trump said he subsequently tried to deposit funds with Bank of America and was also refused, and eventually split the cash among a number of smaller banks. 'The banks discriminated against me very badly,' he said. In a statement, JPMorgan did not address the president's specific claim that it had discriminated against him. 'We don't close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed,' JPMorgan said. 'We commend the White House for addressing this issue and look forward to working with them to get this right.' Bank of America declined to comment. The Wall Street Journal reported late on Aug 4 that the expected executive order would instruct regulators to investigate whether any financial institutions breach the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws by dropping customers for political reasons. It said the order could be signed as early as this week, authorizing monetary penalties, consent decrees or other disciplinary measures against violators. The White House had no immediate comment on the reported order. Mr Trump in January said the CEOs of JPMorgan Chase and Bank of America denied services to conservatives. At the time, the two banks denied making banking decisions based on politics. 'This seems to be rhetoric that will likely be forgotten by lunchtime,' said Mr David Wagner, head of equities at Aptus Capital Advisors. 'I don't see any material impact on banks, as there are many other drivers that will ultimately presage performance for banks, such as deregulation.' JPMorgan and Bank of America shares both fell about 1 per cent, in line with a decline for the broader S&P Bank index. Banks have consistently argued that any complaints about 'debanking' should be aimed at regulators, as they argue onerous rules and bank supervisors policing firms can discourage them from engaging in certain activities. 'The heart of the problem is regulatory overreach and supervisory discretion,' the Bank Policy Institute, an industry group, said in a statement. 'The banking agencies have already taken steps to address issues like reputational risk, and we're hopeful that any forthcoming executive order will reinforce this progress by directing regulators to confront the flawed regulatory framework that gave rise to these concerns in the first place.' REUTERS

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