Supreme Court Overturns Chevron Doctrine; Limits Authority of Federal Regulators Like CFPB, FTC
- In a 6-3 decision, the Supreme Court on Friday overturned the Chevron doctrine, a precedent that has allowed federal agencies significant authority to interpret ambiguous laws. This ruling, decided along ideological lines, fundamentally changes how regulations will be implemented and challenged moving forward.
- More details here
Weighing In on Impact of Chevron Ruling
- Here is a summary of perspectives that have been shared since the ruling was released.
- More details here.
Judge Dismisses Debt Collection Class Action Against Software Provider Over Convenience Fees
- A Magistrate judge in Texas has recommended that a defendant in a Texas Debt Collection Practices Act class-action lawsuit have its motion for summary judgment granted. The defendant, a company that provides software for property managers to allow tenants to pay their rent online via a payment portal, was sued for charging consumers a fee when paying via debit or credit cards. Among the arguments raised by the plaintiff was that the defendant was a collector because its portal software was a form used to collect consumer debts.
- More details here
Industry Shares Views on Proposed Medical Debt Credit Reporting Rule
- More than half of respondents to the latest ARMSights poll believe that the Consumer Financial Protection Bureau’s proposed rule prohibiting the reporting of medical debt credit reporting will have a “significantly” negative impact on their overall effectiveness to collect on medical debts. Overall, nearly 90% of respondents believe the proposed rule, if it goes into effect as currently written, will have a negative impact on collections efficacy.
- More details here
Compliance Digest – July 1
- Chevron wasn’t the only big ruling that has impacted the ARM industry. Every week, there are court cases and other legal and compliance developments that impact how companies collect debts. Get important perspective and context from leading compliance experts in the Compliance Digest. This week, hear from Stacy Rodriguez, Brendan Little, Jay Tillman, Xerxes Martin, Sarah Doerr, and Chuck Dodge.
- More details here
- This series is sponsored by Bedard Law Group
Gulf Coast Collection Bureau Announces Rebrand to Gulf Coast Revenue Cycle Management
- Gulf Coast Collection Bureau, a leading provider of healthcare revenue cycle management services, is excited to announce its rebranding to Gulf Coast, a Revenue Cycle Management company (“Gulf Coast”). This strategic name change represents the company’s evolution and commitment to providing a full range of healthcare revenue cycle management services, including extended business office services, self-pay recovery, probate recovery services, and bad debt collection programs.
- More details here.
WORTH NOTING: Some of the best photos taken by drones … You may want to think twice before grabbing a loofah the next time you are in the shower … People are sounding off on Costco’s new chicken containers … The seven best movies from the 1980s … How to beat the rush if you are traveling this week … A lot of people who bought homes with five-year adjustable rate mortgages in 2019 are seeing their monthly payments spike … Millennials are ill-prepared to be the richest generation in history … Six signs that a marriage is heading for divorce.
Music Monday, part I
Music Monday, part II
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