Some quick links to start your Wednesday. The Center for Responsible Lending has weighed in on the recent actions against Encore Credit and Portfolio Recovery Associates … A highway that can charge an electric car … RIP, Yogi Berra … Philadelphia is spending $12 million to cover the costs of the Pope’s visit this weekend … Groupon is cutting 1,100 jobs and exiting seven countries … Investors allowed the CEO of Bank of America to also remain the company’s chairman … Experts are already predicting a gloomy Christmas … “Happy Birthday” is free at last … The 25 best jobs in America right now … Why you need empathy now more than ever.
- Bank of America has filed a patent application for technology that would use Bitcoins, or other virtual currency, to speed up wire transfers.
- The debt collection business is one reason why the unemployment rate in the Buffalo area is at its lowest point in eight years. For employers, it’s more good news that even though job seekers can be more choosy about their options, the wage levels in Buffalo have not risen significantly.
- The Consumer Financial Protection Bureau released its latest monthly report yesterday, focusing on the mortgage industry. While debt collections still remained at the top of the list of the category that received the most complaints, overall, since the CFPB started collecting complaints four years ago, consumers have complained most often about their mortgages.
How to find your calling
This can’t be good for the country, or the environment
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