NEVADA REGULATOR ANSWERS QUESTIONS ABOUT NEW MEDICAL DEBT COLLECTION LAW
- As evidenced by a recently held webinar on AccountsRecovery.net, there are a lot more questions than answers about a soon-to-be-enacted medical debt collection law in Nevada. But, thanks to some questions submitted to the Financial Institutions Division of the Nevada Department of Business and Industry, there are some answers to help companies in the accounts receivable management industry make the necessary adjustments to comply with the law, which is going into effect this coming Thursday, July 1. Thank you to Holly Vu-Fulkerson, a Senior Counsel at Cognizant, for sharing these questions and answers with me and allowing me to publish them for everyone else.
INDUSTRY SEIZES ON FOOTNOTE IN SCOTUS RULING TO MAKE CASE FOR REHEARING IN HUNSTEIN LAWSUIT
- Both the defendant in the Hunstein v. Preferred Collection and Management Services case as well as ACA International jumped on the Supreme Court’s ruling in TransUnion v. Ramirez to add to their arguments why the Eleventh Circuit Court of Appeals should grant the petition for an en banc rehearing of the Hunstein case, referring to a specific footnote that could make all the difference for the accounts receivable management industry.
SENATORS ASK CFPB TO ‘ADDRESS’ MEDICAL DEBT COLLECTION
- A group of Senate Democrats are calling on the Consumer Financial Protection Bureau to prohibit reporting medical debt collection tradelines to credit bureaus, further limiting the number of communication attempts beyond what is included in Regulation F, and know whether a consumer is appealing the denial of coverage with his or her health insurance carrier, applying for financial assistance, or disputing a charge with a provider so the collector can refrain from collecting on those accounts. The Senators sent a letter to Dave Uejio, the CFPB’s Acting Director with those requests — and others — on Friday.
CALIF. DFPI ISSUES PROPOSAL TO CHANGE LICENSING APPLICATION
- The California Department of Financial Protection and Innovation (DFPI) has issued a notice of rulemaking, seeking to incorporate changes to its debt collection license application after reviewing comments on the proposal. Interested parties have until July 12 to submit their comments on the new proposal.
READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from seven different compliance experts — Stefanie Jackman, Stacy Rodriguez, Heath Morgan, Patrick Newman, Lauren Burnette, Dustin Alonzo, and Brent Yarborough — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.
WORTH NOTING: You might have a hard time finding fireworks to celebrate Fourth of July … There’s interfering with a sporting event, and there is what this fan did at the Tour de France … Most people got richer during the COVID-19 pandemic but 70% of millennials are living paycheck to paycheck … An argument against working on Monday morning to supercharge your productivity … Why a virtual tour isn’t enough when you’re buying a house … What employers can and can’t ask about your vaccination status … The things people are buying way more of on Amazon these days … If you’re living on the left side of the country, I hope your air conditioning is working.
Is you favorite banana about to go extinct?
Music Monday
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