Daily Digest – June 16. Getting to Know Ken Aldrich of Harris & Harris; Appeals Court Reverses Ruling in Favor of Collection Law Firm

GETTING TO KNOW KEN ALDRICH OF HARRIS & HARRIS

  • Ken Aldrich might not like being called a boss, but he does love leading a team. The ability to motivate is just something he was born with, which explains that given the opportunity to work in any other job, he still chose being a corporate trainer. Read on to learn more about Ken, why you should definitely reach out to him if you need a restaurant recommendation, and how he is connected to Bill Gates. This series is sponsored by Applied Innovation.

APPEALS COURT REVERSES RULING IN FAVOR OF COLLECTION LAW FIRM

STUDY BREAKS DOWN MEDICAL DEBT PROBLEMS ACROSS THE COUNTRY

  • More than half of adults in the United States have gone into debt in the past five years because of a medical or dental bill, according to the results of a nationwide survey, and about 20% of those adults say they don’t ever expect to fully repay those debts. The poll was accompanied by a study, released by the Kaiser Family Foundation, that looked at the consequences of unpaid medical bills, such as the sacrifices that individuals make to repay their healthcare debts.

CFPB CALLS FOR STANDARD CREDIT REPORTING ON BNPL DEBTS

  • The Buy Now, Pay Later (BNPL) space is a new form of credit, and like anything new, it is going through growth stages and reaching new milestones everyday. The Consumer Financial Protection Bureau yesterday published a blog post pointing out the need for standardization in how BNPL debts are reported on consumers’ credit reports, as more of these types of debts are being furnished to credit reporting agencies.

WORTH NOTING: Ranking the best “American Idol” contestants of all time … This is a World Record I will never attempt to break … A lot of Americans are dipping into their savings and going into debt … Takeaways from yesterday’s big move by the Federal Reserve Board … Why you want to cultivate troublemakers in your office … Maybe driverless cars aren’t as safe as they are cracked up to be … The importance of a decimal point … The do’s and don’ts of retiring in a down market.

Can you outsmart the college admissions fallacy?

Why you shouldn’t scan QR codes in the street

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