Daybreak 7 Stories - June 16

Some banks are settling for much less than what’s owed to them by delinquent credit card holders. (The New York Times)

South Carolina lawmakers return to Columbia Tuesday to deal with Governor Mark Sanford’s vetoes. New rules on payday lending tops the list.

Senator Jim DeMint will become the first Republican in the Senate to endorse Marco Rubio for the GOP Senate nomination in Florida. Rubio is running against Florida Governor Charlie Crist. (Politico, excuse their incorrect headline)

Twitter is becoming the source for how some Iranians are reacting to the presidential election and the confrontations that have taken place since Friday. (CBS News.com)

Brett Favre says he will attempt a second comeback with the Minnesota Vikings (yes, I’m tired of the now yearly Favre comeback drama, too) provided surgery on his throwing arm bicep works out. (USA Today)

The city of Los Angeles and the Lakers will each spend one million dollars on a parade to honor the NBA Champions. That’s not sitting well with some city workers who are facing job cuts and mandatory furloughs. (Los Angeles Times)

A Texas 15-year old sends 5,000 text messages a month. His mom says that’s better than when he used to talk on the phone all the time. (Valley Central.com)