WEST SENECA, N.Y. -- P&B Capital Group, a third-party debt collection agency, has made a donation to their local Society for the Prevention of Cruelty to Animals (SPCA) chapter, furthering their commitment to social responsibility and community involvement. This donation was the culmination of P&B Capital Group’s Q2 Community Involvement initiatives. As a community leader, the team encourages its employees to go out and support the organizations they are passionate about.
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The only thing constant in the ARM industry is change. That's why we at insideARM review all the news for you and bring you only the stories that are most important. Last week, after what felt like months of breaking news from the CFPB, the focus shifted to the states with important rulings in both Alabama and Indiana, and a new law in Maine that looks to greatly impact medical debt collection. Read on for a breakdown of these stories and why our team feels you need to know them.
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On
April 22, 2024, Maine became the most recent state to enact legislation aimed at limiting the collection of medical debt. The law, An Act to Prohibit Unfair Practices Related to the Collection of Medical Debt, amends Maine’s Fair Debt Collection Practices Act and concerns fees and interest, a litigation exemption, and the definition of medical debt. The full bill can be found here and goes into effect on August 9, 2024.
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