Funcom has stated that this is not an intended change, and that the team is looking into it. Given it was reported early after Update 2.3, and by multiple actors, hopefully a fix for it will be included in the new hotfix, which is already in the works. I have also reported this in a bug thread of my own where I have compiled all problematic Settings together.
For now lets just wait and see how the chips fall with the hotfix.