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Maryland Healthcare Collection Bill Becomes Law

Account Recovery

By virtue of not signing it into law or vetoing it while it sat on the governor’s desk for 30 days, healthcare debt collection legislation in Maryland has become law, which, while not as restrictive as it was when it was introduced, will still require healthcare providers and debt collectors working medical debt accounts to … The post Maryland (..)

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Bill Introduced in Colorado to Ban Collectors From Being Plaintiffs in Healthcare Collection Lawsuits Unless They Own the Debt

Account Recovery

A bill has been introduced in the Colorado legislature that would make it an unfair or deceptive trade practice for a debt collector or collection agency to take any legal action on a debt unless it has purchased complete ownership or the debt.

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Oklahoma Legislature Advances Medical Debt Collection Bill

Account Recovery

A medical debt collection bill has advanced out of committee in the Oklahoma legislature and will now head to the full state house for its consideration. The bill would require healthcare providers or third-party debt collectors to include an itemized list of the charges when filing a collection lawsuit, among other requirements.

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How a Medical Collection Agency works?

Nexa Collect

A medical collection agency will send written demands and make persistent phone calls to your patients. Since debt collectors are on the phone all day long, they know every tactic to get paid. Since debt collectors are on the phone all day long, they know every tactic to get paid. Need a Medical Collection Agency?

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Class-Action Suit Filed Against Collection Agency

Account Recovery

A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado.

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Debt Collection, Credit Reporting Key Areas of CFPB Report on Issues for Servicmembers and Their Families

Account Recovery

After debt collection issues, … The post Debt Collection, Credit Reporting Key Areas of CFPB Report on Issues for Servicmembers and Their Families appeared first on AccountsRecovery.net.

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Debt collectors re-evaluate medical debt furnishing in light of data integrity issues

Collection Industry News

A new CFPB report estimates that medical collections tradelines declined by 37 percent between 2018 and 2022. Market Snapshot: An Update on Third-Party Debt Collections Tradelines Reporting” also found that medical debt constitutes a majority (57 percent) of all collections on credit reports.