Daily Digest – August 14. NJ Bill Would Give ID Theft Victims Collections Break; Consumers in Korea Jailed For Abusing Collectors

Some quick links to start your Friday. An op-ed column on the new South Dakota “Obligation Recovery Center” … One in five Americans is supporting a child or parent, to the tune of $12,000 per year, on average … The amount of non-housing debt increased by $67 billion in the second quarter, according to the Federal Reserve Bank of New York … Samsung unveils two new smartphones … Why banks are scared of China … Researchers have built new password technology that matches ambient sound heard by your computer and your cell phone to ensure they are both in the same place … Self-driving cars make us safer … An inside look at Mondo, a bank that is nothing more than a smartphone app.


  • Collectors are going to have to give consumers in New Jersey who claim they are victims of identity theft a break for 45 days, according to new legislation that was passed in the state Senate yesterday. Consumers will have 45 days from the time they are contacted by a collector to provide written notice claiming to be an iD theft victim.
  • Consumers in Korea can be fined or put in jail for abusing call center and collection workers. One man, who made more than 9,000 calls abusing debt collectors during a 12-month period, was sentenced to 18 months in prison.
  • Bill Bartmann, a collection agency owner in Oklahoma, has started a new venture that helps consumers better understand their credit scores and then works to help raise those scores.

“Breaking Bad” star Bryan Cranston likes Donald Trump

And to be fair, some little-known facts about Hillary Clinton

And, finally, Uzbekistan Airlines is weighing passengers before they board airplanes

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