Home / Daily Digest / Daily Digest – August 13. Appeals Court Upholds Ruling that QR Code on Envelope Violates FDCPA; CFPB Reaches $60M Settlement Over For-Profit’s Schools Student Lending Practices

Daily Digest – August 13. Appeals Court Upholds Ruling that QR Code on Envelope Violates FDCPA; CFPB Reaches $60M Settlement Over For-Profit’s Schools Student Lending Practices

APPEALS COURT UPHOLDS LOWER COURT RULING THAT QR CODE ON ENVELOPE VIOLATES FDCPA

  • Less than two months after hearing arguments on the case, a panel of judges from the Third Circuit Court of Appeals yesterday unanimously affirmed a summary judgment ruling in favor of a plaintiff who sued a collection agency for including a Quick Response, or QR, Code on the outside of an envelope containing a collection letter.

CFPB REACHES $60M SETTLEMENT OVER FOR-PROFIT SCHOOL’S STUDENT LENDING PRACTICES

CONSUMERS FLOOD CFPB WITH COMMENTS OPPOSING PROPOSED RULE

  • More than 3,000 comments opposing the proposed debt collection rule were published yesterday, filed by consumers who voiced their concerns and dislike for the Consumer Financial Protection Bureau’s proposal, while not necessarily getting into specifics and containing some rhetoric that even the director of the CFPB has sought to quash.

FED DATA OFFERS CONFLICTING FORECASTS OF INDIVIDUALS’ FINANCIAL EXPECTATIONS

  • In yet another sign that individuals tend to be both optimistic and pessimistic at the same time, more people expect to miss a debt payment in the next three months while fewer people expect to be in a worse financial situation a year from now, according to data released yesterday by the Federal Reserve Bank of New York.

WORTH NOTING: As we wonder if the world is going to hell, here is a group of kangaroos playing in the snowA major security flaw puts 1.4 billion iPhones and iPads at risk … How to protect your home when disaster strikes … Things not to say during a job interview … The 10 best wire free earbuds … A startup has raised $51 million to bring artificial intelligence to call centers … The government is making changes to how endangered species are classified … Placido Domingo is in hot water.

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How often you should restart your phone

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