The CFPB’s Consumer Advisory Board (CAB) meeting in Washington, DC Thursday was used as a platform to reiterate the Bureau’s focus on matters dealing with consumer credit reporting and medical debt, specifically how it is collected and appears on credit reports.
The CFPB recently conducted a field hearing on medical debt collection practices and the relationship between medical debt and consumer credit reporting in general. From my vantage point, the meeting was nothing short of a crystal ball regarding the future of medical debt collection.
TECH LOCK, Inc. announces Tennessee-based collection company Automated Collection Services, Inc. (ACSI) is expanding their industry leading annual compliance audit to include the HITRUST Common Security Framework (CSF) with their annual TECH LOCK® Certified audit.
LiveVox Inc., a leading provider of cloud contact center solutions for enterprise operations, has helped AR Logix better service their clients with some of the most robust cloud-enabled revenue cycle solutions.
Collections has undergone a change – even if most media representations still seem to suggest that debt collectors are out to intimidate and bully consumers.
First Collection Services, a leader in the accounts receivable management industry since 1969 has selected TECH LOCK to provide a comprehensive compliance audit
In order to validate compliance with consumer data protection, Protected Health Information (PHI), Personally Identifiable Information (PII) or Non-Public Personal Information (NPI), etc., Optio Solutions has contracted with the ARM Industry-leading holistic practitioner TECH LOCK® to become TECH LOCK® Certified.
In the third quarter of 2014, consumer complaints about medical debt collection practices rose sharply as overall collection complaints fell.
CFPB Director Richard Cordray today will call on credit reporting agencies to take a more active role in policing the companies that furnish data on consumers, including a mandate to report consumer disputes made against specific companies. The new requirements stem from a CFPB study on debt collection tradelines in credit reporting.
The Consumer Financial Protection Bureau (CFPB) is holding a field hearing on Thursday, December 11 in Oklahoma City to discuss medical debt collection.