In this issue: See how the CFPB's rule changes apply to providers, join us at conferences this June, learn what America's debt load means for A/R professionals, plus links from around the web!
The Billing & Collections Adviser - Issue #34 - May 2019
On May 7, 2019, theConsumer Financial Protection Bureau(CFPB) published its highly anticipatednotice of proposed rulemaking(know as an “NPRM”) under the Fair Debt Collection Practices Act (FDCPA). While the actual rules are intended to apply only to third-party debt collectors covered by the FDCPA, first-party creditors, servicers and providers will certainly be affected by these changes as well.
With this NPRM document weighing in at over 500 pages, we've outlined a brief summary of the major proposed rules that will have a definitive effect onproviders,creditorsandALL OF OUR CLIENTS:
Simon's Agency has a busy June on the road as it exhibits at the NJ MGMA Practice Managers Conference in Atlantic City followed by a visit to Orlando, FL for the HFMA Annual Conference where is a Peer Reviewed Sponsor and wrapping up at Turning Stone Resort in Central New York for the NY MGMA Medical Practice Leaders Conference to close out June. Simon's will be presenting "Re-Energizing Your Accounts Receivables" workshop at 2:30 pm on Thursday, June 27th at this conference. Visit us at our booth to learn more about Simon's Debt Collection Services for Healthcare.
Simon's Agency's June Schedule:
NJ MGMA PMC (Tropicana, Atlantic City, NJ) – June 5-7, 2019
HFMA Annual Conference (OCCC, Orlando, FL) – June 23-26, 2019
NY MGMA MPL Conference(Turning Stone Resort & Casino, Verona, NY) – June 27-28, 2019
Credit counselors and economists having been concerned about the debt load that Americans carry for many years but as the twenty-teens begin pushing into the twenty-twenties their concern is continuing to grow. So, what does this mean for billing and collections professionals?
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