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In This Update Earlier this month, the CFPB issued an Advisory Opinion reminding debt collectors of their obligation to comply with the Fair Debt Collection Practices Act and Reg F’s prohibitions on false, deceptive, or misleading representations in the collection of medical debt (see RMAI’s October 4, 2024 Member Alert ).
The sales team, traditionally seen as the main revenue generators, relationship builders, and market expansion specialists in typical business operations, also plays a crucial role in debt collection. Sales Teams are able to proactively manage future Credit Risks. Maintaining future sales opportunities is a Sales Team objective.
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