RMAi Blog

OCTOBER 4, 2024

On October 1 st , 2024, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra announced actions to reduce the burden of medical debt and address medical debt collection practices in a coordinated event with the White House. Collecting unsubstantiated medical bills. Collecting amounts for services not received.

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Medical Billing Collector Debt Collections Credit and Collections 130

RMAi Blog

SEPTEMBER 25, 2024

The bill also prohibits using any medical debt listed on a credit report as a negative factor when making credit decisions and gives individuals more room to address their medical bills before debt collection and reporting actions can take place. This bill will be effective on January 1, 2025.

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Credit Reporting Agencies Medical Billing Debt Collections Credit and Collections 130

CreditStrong for Business

FEBRUARY 25, 2025

Over time, the impact of collections on credit has shifted and is now influenced by a few factors, including: The type of debt Major consumer credit bureaus (Experian, TransUnion, and Equifax) no longer list paid medical collections or unpaid collections for outstanding medical bills of less than $500 on your report.

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Credit Scoring Credit and Collections Medical Billing Collector 52

RMAi Blog

MARCH 14, 2023

Maryland HB 127 – This bill would prohibit a district court in aiding in the enforcement or execution of a small claims money judgment by ordering an individual to appear for an examination or answer interrogatories. RMAI, the creditor’s bar, and the judiciary oppose this bill. A veto this year would be less likely. FBCS, Inc , No.

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Due

MARCH 3, 2023

It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft. Educating yourself is the best way to avoid making financial mistakes, whether you watch videos, read blogs, or listen to podcasts. The good news?

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft. Educating yourself is the best way to avoid making financial mistakes, whether you watch videos, read blogs, or listen to podcasts. The good news?

Credit Scoring 64

Credit Scoring Bankruptcy Medical Billing Brokerages 64

RevCycle

JANUARY 23, 2025

The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Rightfully so, as it removes a key piece of leverage in the collection of medical debts. New Jersey The Louisa Carman Medical Debt Relief Act was passed in New Jersey in July.

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Medical Billing Collector Debt Collections Credit and Collections 192