John Soumilas of Francis Mailman Soumilas. Courtesy photoCFPB Advisory Opinion Targets Illegal Medical Debt Collection Tactics
Continuing its attack on the $220 billion worth of medical debt owed by Americans and the impact it can have on their lives, the Consumer Financial Protection Bureau recently issued guidance to medical debt collectors in the form of an advisory opinion. The opinion warned them that their debt collection activities may constitute unlawful practices under the Fair Debt Collection Practices Act and its implementing Regulation F.
December 17, 2024 at 01:01 PM
8 minute read
Continuing its attack on the $220 billion worth of medical debt owed by Americans and the impact it can have on their lives, the Consumer Financial Protection Bureau recently issued guidance to medical debt collectors in the form of an advisory opinion. The opinion warned them that their debt collection activities may constitute unlawful practices under the Fair Debt Collection Practices Act and its implementing Regulation F.
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