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Hiring a collection agency for your business can be an extremely smart move and a strategic advantage in improving your cash flow. If you have customers who are consistently late or who have not paid you at all, and those are piling up, it’s time to make that decision. However, effective debt collections happen when you have the proper documentation in front of you.
The governor of Maryland last week signed HB 1020, the Fair Medical Debt Reporting Act into law, which makes it the latest state to enact a medical debt credit reporting law. Why it matters:HB 1020, effective October 1, 2025, restricts how medical debt can be handled by credit reporting agencies, healthcare providers, and debt collectors in Maryland.
Jimerson Birr is proud to recognize attorney Hunter Faulkner for his instrumental role in the successful closings of four of the Top 10 home sales in Northeast Florida for Q1 2025, totaling more than $17.1 million, as reported by the Jacksonville Daily Record. Faulkner assisted in the transactions ranked #3, #4, #7, and #10 on the list, showcasing his dedication to excellence and trusted counsel in high-value residential real estate deals.
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In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Collector Sued for Marking Refusal to Pay as Dispute CFPB Agrees to Vacate Medical Debt Credit Reporting Rule FTC Moves to Shut Down Phantom Debt Collection Scheme Maryland Enacts Medical Debt Credit Reporting Law WORTH NOTING:Fewer parents are reading to their kids these days … How to figure out if you need a food processor, a blender, or both … People are putting their foot down over Real ID licenses … What to eat when you are sick … For a lot of people, financial issue
The Consumer Financial Protection Bureau has agreed to end a lawsuit by joining industry groups in asking a federal judge to vacate its controversial rule banning the reporting of medical debt on consumer credit reports. Background: Latest developments: Between the lines: What theyre saying: Whats next: The court still must formally approve the consent judgment.
The Consumer Financial Protection Bureau has agreed to end a lawsuit by joining industry groups in asking a federal judge to vacate its controversial rule banning the reporting of medical debt on consumer credit reports. Background: Latest developments: Between the lines: What theyre saying: Whats next: The court still must formally approve the consent judgment.
In what might be the first enforcement action related to the debt collection industry under the Trump administration, the Federal Trade Commission yesterday announced a proposed permanent injunction against against Global Circulation and its owner, Kenneth Redon III, for engaging in a fraudulent debt collection scheme. The FTC’s investigation revealed that the company and Redon used deceptive tactics to force consumers into paying debts they did not owe.
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