New Jersey Legislature Passes Medical Debt Relief Act

Both houses of the New Jersey Legislature recently passed Assembly Bill No. 3861 (AB 3861), known as the Louisa Carman Medical Debt Relief Act. The legislation’s stated aims are to prevent undue financial hardship and protect patients from aggressive debt collection practices. Medical debt in general and how and whether it can be included in consumer reports has been a hot topic at the state and federal level. We have written on recent developments regarding medical debt here, here, here, and here.

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Take the TransUnion key industry trends survey and get benchmark data in return 

The TransUnion and ReceivablesData.com collections-industry survey is now open. Take the short survey and, once the results are released, find out about how communications and technology, and other key trends, have changed over the past year. Survey participants will receive an exclusive, early copy of survey results they can use to benchmark their firm against the industry. The survey will only take a few minutes.  

Start the survey now. 

insideARM Weekly Recap – Week of July 8th, 2024

insideARM is here to help you keep up with the fast-paced ARM industry. This often requires keeping a finger on the pulse of the regulatory bodies, providing advice for more efficient collections, and reporting on state-level legislation. Last week was a perfect example of this as we brought you the most recent focus from the CFPB, guidance for an effective settlement program, and a recent amendment to data breach notification laws in Pennsylvania. Keep reading for the highlights from these stories and why our editorial team thinks they are important!

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Pennsylvania Amends Data Breach Notification Law

Pennsylvania Gov. Josh Shapiro recently approved Senate Bill 824, which amends Pennsylvania’s data breach notification law, 73 Pa. Stat. Ann. § 2301, et seq.

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Build a Collections Repayment Program Strategy to Break Free from Broken Promises

Repayment programs are crucial in collections, but many fail. Here are the essential elements for a successful repayment program strategy and tips to enhance collections conversations to ensure the right program is chosen and completed.

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CFPB Releases Supervisory Highlights Focusing on Debt Collection and Loan Servicing Practices

On July 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published the summer edition of its Supervisory Highlights, focusing on examinations of auto and student loan servicing companies and debt collectors that were completed between April 1, 2023 and December 31, 2023. The report also highlights consumer complaints about medical payment products and identifies concerns with financial institutions freezing deposit accounts.

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American Association of Healthcare Administrative Management (AAHAM) Brings Legislative Day Home to the Districts

ST. PAUL, Minn. -- In a bold move to refocus efforts on the grassroots level, the American Association of Healthcare Administrative Management (AAHAM) has redirected its 19th annual Legislative Day from Washington, D.C. to local districts and states. This year’s theme, “Bringing the Message Home,” emphasizes the critical role healthcare providers play in our communities and the importance of addressing healthcare issues at the local level.

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Legal Hot Topics from the CRC Legal Advisory Board

18 July 2024 at 02:00 p.m.

The legal landscape in the ARM industry is constantly changing. It can be difficult to wade through it all and determine what is important and what steps need to be taken to stay ahead of the curve. 

Event Details »

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