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The Consumer Financial Protection Bureau (CFPB) today took action against a medical debtcollector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. Accordingly, the CFPB has taken numerous actions on the issue of medical debt.
According to aTransUnion report, approximately 11% of third-partydebt collectioncompanies were already using AI and machine learning (ML) technologies. And around 60% of third-partydebtcollectors were in the process of deploying AI/ML-based technology.
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