Home / Daily Digest / Daily Digest – August 4. Citigroup Being Investigated By CFPB; The Generation Most Likely To Run Into Financial Problems

Daily Digest – August 4. Citigroup Being Investigated By CFPB; The Generation Most Likely To Run Into Financial Problems

Some quick links to start your Tuesday. Scientific proof that women are colder in the office then men … Companies have stopped selling realistic-looking toy guns in New York … How to improve your morning routine … Warren Buffett’s secrets to stop worrying … How to harness the power of rituals to improve your work … Wages and benefits are growing at an alarmingly slow rate … New printer models from Epson do away with ink cartridges and can print for years before needing to be refilled … Forbes has released a list of the 50 most trustworthy financial companies … Six years after the Great Recession, Americans are still wary about the health of the country’s economy.

NEWS

  • Citigroup is being investigated by the Consumer Financial Protection Bureau for its student loan servicing practices. The bank disclosed the investigation in a filing with the Securities and Exchange Commission. 
  • Millennials have the lowest credit scores, highest amount of non-mortgage debt, and lowest annual incomes, compared with members of Generation X and Baby Boomers, according to data released by Experian.
  • Talk of higher minimum wages is increasing nationwide. Many cities are considering minimum wages as high as $15/hour. One report examined the effects of a $15/hour minimum wage nationwide, taking into account regional differences in expenses and other factors, like housing costs.

How the Minneapolis-St. Paul airport went green
 

Hackers are using YouTube to learn how to spy on you
 

If you have a tip or item you would like to share, or are interested in sponsoring the Daily Digest, please contact me at mike@canvasbusinessmedia.com.

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APPEALS COURT OVERTURNS SUMMARY JUDGMENT IN FDCPA CASE OVER CREDITOR NAME IN LETTER The Court …

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