Medical Debt Archives - Page 5 of 243

January 2, 2024 by Kristen Larson in Debt Collection

CO and NY Enact Laws to Prevent Reporting of Medical Debt to Credit Bureaus

Colorado and New York are not waiting for the Fair Credit Reporting Act rulemaking to eliminate creditor use of medical debt announced by the CFPB in September 2023. As we...

dvalmas / AdobeStock

December 12, 2023 by Orrick, Herrington & Sutcliffe LLP in Debt Collection

Minnesota Amends Health Care Provision in Extensive New Law that Affects Debt Collection

On November 9, the State of Minnesota enacted Chapter 70--S.F.No. 2995, a large bill to amend certain sections of its current health care provisions. The bill covers extensive changes to...

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December 5, 2023 by Missy Meggison in Collection Laws and Regulations

CRC to NYC DCWP: Proposed Rule Misses the Mark, is Unclear, and Will Harm Consumers

The New York City Department of Consumer and Worker Protection (DCWP) continued its years-long attempt to update its Rules Related to Debt Collection (Rule). According to the Consumer Relations Consortium...

Argus / Adobestock

September 28, 2023 by Missy Meggison in CFPB

Blocking Medical Debt from Credit Reports Harms Doctors, Says New Lawsuit

A California Dermatologist recently filed a class action lawsuit against the three major credit reporting agencies (CRAs), alleging the CRAs' decision to stop reporting medical debt below $500.00 has caused...

sixdays / Adobestock

September 26, 2023 by Kristen Larson in CFPB

RFI Industry Commenters Urge CFPB to Stay in its Lane on Medical Debt Payments

American Bankers Association (ABA), Association of Credit and Collection Professionals (ACA International), U.S. Chamber of Commerce (Chamber), Synchrony Bank (Synchrony), and National Consumer Law Center (NCLC) submitted comment letters in...

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July 31, 2023 by Aryeh D. Derman in CFPB

Speaking It Into Existence: A Deeper Dive Into the CFPB Hearing on Medical Billing and Payment Products

On July 11, the Consumer Financial Protection Bureau (“CFPB”) held a hearing on issues surrounding medical debt and specifically, payment products. Not surprisingly, the invited experts and special guests taking...

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July 10, 2023 by Stefanie H Jackman in Litigation

Ninth Circuit Rejects Constitutional Challenge to Nevada Medical Debt Legislation; Also Finds Legislation Not Preempted by FDCPA or FCRA

Last week, the Ninth Circuit Court of Appeals affirmed a lower court’s denial of preliminary injunctive relief to plaintiffs challenging Nevada Senate Bill 248 (S.B. 248), which places new restrictions...

dvalmas / AdobeStock

July 6, 2023 by Michael Gordon in CFPB

CFPB to Host Hearing on Medical Billing and Collections

The CFPB announced that on July 11, 2023 at 10 a.m. EST it will host a hearing on medical billing and collections, with a focus on medical payment products, such...

Argus / AdobeStock

June 14, 2023 by John L. Culhane, Jr. in CFPB

CFPB Announces Consent Order with Third-Party Collector of Medical Debt

On June 8, 2023, the CFPB announced that it had entered into a consent order with Phoenix Financial Services, LLC (Phoenix), a third-party debt collector that collects primarily past-due medical...

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May 17, 2023 by Orrick, Herrington & Sutcliffe LLP in Medical Debt

Colorado Establishes Medical Debt Collection Requirements

On May 4, the Colorado governor signed SB 23-093 to cap the interest rate on medical debt at three percent per year. The Act outlines numerous provisions, including that entities collecting...

Medical Debt

CO and NY Enact Laws to Prevent Reporting of Medical Debt to Credit Bureaus

Minnesota Amends Health Care Provision in Extensive New Law that Affects Debt Collection

CRC to NYC DCWP: Proposed Rule Misses the Mark, is Unclear, and Will Harm Consumers

Blocking Medical Debt from Credit Reports Harms Doctors, Says New Lawsuit

RFI Industry Commenters Urge CFPB to Stay in its Lane on Medical Debt Payments

Speaking It Into Existence: A Deeper Dive Into the CFPB Hearing on Medical Billing and Payment Products

Ninth Circuit Rejects Constitutional Challenge to Nevada Medical Debt Legislation; Also Finds Legislation Not Preempted by FDCPA or FCRA

CFPB to Host Hearing on Medical Billing and Collections

CFPB Announces Consent Order with Third-Party Collector of Medical Debt

Colorado Establishes Medical Debt Collection Requirements

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