Colorado Establishes Medical Debt Collection Requirements

On May 4, the Colorado governor signed SB 23-093 to cap the interest rate on medical debt at three percent per year. The Act outlines numerous provisions, including that entities collecting on a medical debt must provide a consumer with a written copy of a payment plan within seven days for medical debt that is payable in four or more installments.

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Maryland Eliminates Separate Licensing Requirement for Branches

On May 8, the Maryland governor signed HB 686 to eliminate a requirement that collection agencies and certain non-depository financial institutions must maintain separate licenses for branch locations. The Act now allows such entities to conduct business at multiple licensed locations under a single license.

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VeriFacts Sponsoring 3rd Annual Run For Brain Health

STERLING, Ill. -- VeriFacts, a leading location and employment verification service provider, is proud to announce it is sponsoring the third annual Run for Brain Health on May 20. All proceeds from the run will be donated to the Sauk Valley Area National Alliance on Mental Illness (Nami), whose mission is dedicated to improving the quality of life for people with mental illness and their families through support, education, and advocacy.

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Arizona Federal Court Holds FDCPA’s $1,000 Statutory Damages Provision Applies Separately to Each Defendant

In Casillas v. Thunderbird Collections Specialists Incorporated, et al., the plaintiff sustained a work-related injury requiring medical treatment for which a worker’s compensation claim was filed. Under state law, an injured worker who receives a workers’ compensation award is not legally responsible for medical bills covered by the award. Unaware of this law, a collection agency began efforts to recover the plaintiff’s unpaid medical bills, including engaging a law firm to file a collection suit.

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McGlinchey Welcomes Litigator Jonathan Cornfield

WASHINGTON, DC -- McGlinchey Stafford is pleased to announce that litigator Jonathan “Jon” Cornfield has joined McGlinchey as an associate in the firm’s Washington, D.C. office. Jon represents financial services institutions in litigation, commercial disputes, complex torts, and class actions at the state, federal, and appellate levels.

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Yvonne Torrijos Appointed Chief Client Officer of OTD Americas

TAMPA, Fla. -- OneTouch Direct, a global business process outsourcing company, has announced the appointment of Yvonne Torrijos as Chief Client Officer (CCO) of OTD Americas, its newest company subsidiary. Yvonne is a recognized industry leader with significant experience building long term client partnerships, developing innovative marketing and sales strategies, and driving strong revenue growth.

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How to Connect with Today’s Digital Consumer

14 June 2023 at 02:00 p.m.

Economic difficulties generally create more activity in the ARM industry. Individuals are often less able to pay bills, which results in more charge-offs and higher delinquency rates. With debt on the rise, organizations must prepare to handle the likely surge by getting the right solution in place.

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