Companies that provide first party, early-out and billing services on medical accounts scramble to stay abreast of the continuously shifting regulatory requirements that, up until just a few years ago, rarely experienced any significant changes on an annual basis. The Consumer Financial Protection Bureau (CFPB) is presently contemplating widespread regulation of first party collections while many state regulators seek to shoe-horn servicers of medical accounts that are not in default into the definition of a “debt collector” to require state collection agency licensure and oversight.
Read the Whole Story »
