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!
On May 7, 2019, the Consumer Financial Protection Bureau (CFPB) published its highly anticipated notice 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 on providers, creditors and ALL 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 it 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
Simon’s Agency's COO, Tim Buckles participated in ACA International's Washington Insights Fly-In May 14-16, 2019. Tim joined nearly 100 collection agency representatives from around the country in Washington, DC to share the points of pain that many of these agencies are currently dealing with. Tim introduced a round table discussion by describing Simon's own advocacy efforts with regard to stringent and often-times contradictory rules and regulations for the industry.
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