American consumers racked up another $21.5 billion in credit card debt from June through September, sending outstanding debt to an all-time record of more than $1 trillion for the third quarter of a year.

"We are in a very unhealthy, precarious position when respect to revolving debt at the household level," said Odysseas Paadimitrio, the CEO of Walletub.

But some cities are in a worse position than others. Researchers for the online personal finance web site WalletHub drew upon data from TransUnion, the Federal Reserve, the U.S. Census Bureau and WalletHub's proprietary credit card payoff calculator to determine the cost and time required to repay the median credit card balance in U.S. cities across the continent.

Among the 2,564 cities and areas studied, Ooltewah was among the 10 worst communities in a study of "Cities with the Least Sustainable Credit Card Debt" released Monday.

In Ooltewah, the mean credit card debt rose to $3,009 and is projected to take 119 months and 11 days to pay off.

The highest median credit card debt is in Darien, Connecticut, at $8,051 and the lowest median credit card debt is in Clarkston, Georgia, at $1,003.


Canada charges VW for emissions

The Canadian government said Monday that it is charging Volkswagen for importing cars into Canada that company executives knew violated emissions standards.

The German automaker faces 58 charges of violating the Canadian Environmental Protection Act for bringing 128,000 cars into Canada with illegal emissions between 2008 and 2015. The company faces two other charges of providing misleading information.

Volkswagen issued a statement saying that it has co-operated fully with Canadian investigators and that a deal is prepared ahead of the company's first court appearance in Toronto on Friday.

Canada's case against Volkswagen comes more than four years after the company admitted to installing software on 11 million cars worldwide to trick emissions-testing equipment into concluding the cars ran more cleanly than they actually did. Volkswagen pleaded guilty to charges in the case in the United States in March 2017 and was fined more than $4.3 billion.


PG&E's stock up on wildfire pact

PG&E's stock surged Monday after the utility reached a tentative $13.5 billion settlement resolving all major claims related to the Northern California wildfires of 2017 and 2018.

The fires were blamed on Pacific Gas and Electric's outdated equipment and negligence. The utility said Friday that the deal is a key step toward its exit from Chapter 11 bankruptcy. It still needs court approval.

The agreement is expected to resolve all claims arising from a series of 2017 Northern California wildfires and the 2018 Camp Fire, which killed 85 people and devastated the town of Paradise. It also resolves claims from the 2015 Butte Fire and Oakland's 2016 Ghost Ship Fire.

PG&E, which is headed by former TVA CEO Bill Johnson, said the proposed settlement is the third it has reached as it works through its Chapter 11 case. The utility previously reached a $1 billion settlement with cities, counties and other public utilities and an $11 billion agreement with insurance companies and other entities that have paid claims relating to the fires.

Shares in San Francisco-based PG&E Corp. closed Monday trading up $1.53, or 16%, at $11.18. The stock is still down 53% for the year.