Healthcare Provider, NY AG Issue Best Practices on Medical Debt Affordability, Collections
- In a groundbreaking move, New York Attorney General Letitia James and Northwell Health yesterday announced a historic agreement aimed at significantly improving access to financial assistance for millions of New Yorkers and “significantly” reducing medical debt collection efforts. This agreement, which applies to all 21 Northwell hospitals and 56 clinics, is set to provide free or discounted care to uninsured and under-insured patients earning up to five times the federal poverty level —$75,300 for an individual or $156,000 for a family of four.
- More details here
CFPB Issues Warning About Contractual Fine Print
- The Consumer Financial Protection Bureau yesterday issued a new circular warning companies in the financial services industry against including unlawful or unenforceable terms in contracts for consumer financial products and services. This move is part of the CFPB’s ongoing efforts to protect consumer rights and ensure fair practices in the financial industry.
- More details here
Claim That Debt Not Owed Not Enough For Collection Letters to Be Harassing, Judge Rules
- Courts have long been asked to put objective parameters around subjective terms. In the case of the Fair Debt Collection Practices Act, for example, what does it mean to harass, oppress, or abuse a consumer? A District Court judge in Missouri has granted a defendant’s motion to dismiss, although he did deny the defendant’s motion for sanctions in an FDCPA case over a validation letter that was sent to the plaintiffs’ attorney.
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30 Companies Seeking Collection Talent
- There are two jobs in this week’s job listings summary that pay at least $200,000 per year in salary. Find those, and a lot more by clicking on the link below.
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WORTH NOTING: The latest viral trend involving pets is called the “paws in” challenge … The five states with the best economies for residents and business owners … Brain hacks to help you never to forget what’s on your to-do list … Why more wealthy Americans are opting to rent instead of buying a home … Workers at Chipotle want you to stop filming them, please … What is SPF and how much sunscreen do you actually need? … Common phrases you will hear every day in offices across Finland, considered to be the happiest country on earth … Remember that guy who zoomed into a court hearing while driving? There is more to that story.
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