Daily Digest – August 10. NC Passes Debt Collector Law; Senator Attacks Regulator For More Debt Sale Oversight

Some quick links to start your Monday. The CEO of a payments processing company defends his $70,000 minimum salary … Car insurers don’t really care how you drive … Forced updates from Microsoft for Windows 10 are causing a lot of problems … Police officers shot an armed man during protests in Ferguson, Mo., marking the one-year anniversary of the death of Michael Brown … Mark Sept. 9 on your calendar as the day the next iPhone is announced … The success habits of wealthy people that cost nothing … What Donald Trump didn’t say during the presidential debate last week about his business bankruptcies … Monday rituals to get your week started right

NEWS

  • The state of North Carolina has passed a law that updates and amends how the state defines debt collectors, putting it more in line with how the occupation is defined by the Fair Debt Collection Practices Act. Click here to read a copy of the new law, which was signed by Gov. Pat McCrory last week. 
  • A man named Matthew Hartigan who lives in Clearwater, Fla., has been repeatedly contacted for 17 years for debts that below to another Matthew Hartigan from Philadelphia. No matter what he says, the collectors eventually keep coming back. 
  • Sen. Sherrod Brown [D-Ohio] sent a letter on Friday to the Federal Reserve Board, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., and the National Credit Union Administration urging the regulators to strengthen the oversight of debt sale transactions. 

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