| Volume 141 Number 52 |
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The People’s Lawyer’s Tip of the Day
Halloween is right around the corner. And if you’re looking to top off your costume by wearing cosmetic contact lenses, read on. The FTC enforces the Contact Lens Rule, which requires your eye doctor to give you your prescription – whether you ask for it or not – at no extra charge. That lets you shop around for the best deal. Click here for more.
Target Unveils Holiday Shopping Perks
Target is upping the ante as retailers get into position to kick off the holiday shopping season. The company says it is offering same-day delivery through Shipt in hundreds of markets in 46 states while expanding its Drive Up service to nearly 1,000 stores. Starting Nov. 1, all Target customers can get free two-day shipping on hundreds of thousands of items, with no minimum purchase. Target CEO Brian Cornell says the aim is to take the stress out of holiday shopping. But there is no doubt that the move is being made to also increase Target's competitive advantage. Click here for more.
Your Money
The new FICO score, called UltraFICO, should become available in the summer of 2019. Consumers will have to opt in. If they do, data about their banking behavior—including the length of time their bank accounts have been open, the frequency of activity, and evidence of saving—in addition to their timely payment practices, will be used to calculate a score. Click here for more.
For the Lawyers
CFPB expected to cut payday repayment tests in revised rule. Payday lenders could escape tighter regulation as the Trump-led Consumer Financial Protection bureau considers eliminating a requirement that they first assess borrowers’ ability to repay loans. The CFPB is expected to either propose eliminating the rule’s strict ability to repay standards or delaying their effective date so that they can undergo further review, according to multiple sources with knowledge of the rulemaking process. Click here for more.