Some quick links to start your Tuesday. Amazon has opened its first-ever physical bookstore … Your social media activity could start affecting your credit score … The makers of Candy Crush sold their company for $6 billion … A new company is aiming to help consumers understand what they are signing away when they agree to user agreements … Great headline: Microsoft admits Windows 10 automatic spying can not be stopped … Pretty sure collectors should be on this list … Gadgets that will get a lot of attention next year.
- JPMorgan Chase is going to pay $50 million to settle a lawsuit brought by the Attorney General of California that accused the bank of engaging in illegal debt collection activities. The settlement is a follow-up to a separate settlement announced by the Consumer Financial Protection Bureau in July with Chase.
- President Obama signed a budget bill into law yesterday, which, along with allowing federal agencies to continue to operate, allows debt collectors to use automated dialers when collecting on federal student loans. Cue the double-standard music, please.
- A Virginia toll authority is going to start sending delinquent accounts to collections.
- Most families do not have enough savings to replace one month of lost income, according to a study of 7,800 families by Pew Charitable Trusts.
- Banks largely maintained the same lending standards in the third quarter compared with the second quarter of 2015, according to a survey of senior loan officers by the Federal Reserve Board. A small number of banks reported loosening their underwriting standards for auto loans and credit cards.
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The CEO of Toshiba talks about the importance of flexibility in leadership
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