The debt industry will almost surely see significant regulatory — and even legal — changes this year when the CFPB issues its new rules. But there are some more immediate changes that have already gone into force or will be very soon.
Medical Debt Collection
The IRS closed out 2014 by issuing new final rules for debt collection and billing practices for non-profit hospitals. A couple of years in the making, the regulations cover how charitable medical providers interact with patients that need financial assistance.
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