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Daily Digest – April 9. Judge Partially Grants MTD in Class-Action; Bill Introduced to Forgive Healthcare Workers’ Student Loans

Account Recovery

Judge Partially Grants MTD in Class-Action; Bill Introduced to Forgive Healthcare Workers’ Student Loans appeared first on AccountsRecovery.net.

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Performant Sells Some Recovery Contracts, Will Focus on Healthcare Market Going Forward

Account Recovery

announced yesterday that it has sold some of its recovery contracts that are outside the healthcare industry, including its student loan agreements, to an unnamed buyer as part of the company’s decision to “fully dedicate” its resources to its healthcare business. Performant Financial Corp.

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Ohio Bill Would Place Moratorium on Some Student Loan, Healthcare Debt Collection

Account Recovery

Jessica Miranda and … The post Ohio Bill Would Place Moratorium on Some Student Loan, Healthcare Debt Collection appeared first on AccountsRecovery.net. The bill was introduced by Rep.

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N.Y. Dept. of Health Issues Guidance on Changes to Healthcare Payment Laws

Account Recovery

Medical Financial Products New consumer protections also address the use of medical financial products such as credit cards and third-party medical loans. Hospitals are no longer allowed to complete or facilitate applications for these products on behalf of patients.

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Public Prefers Medical Debt Forgiveness to Student Loan Debt Forgiveness: Poll

Account Recovery

With all the talk about medical debt this week as a result of the Consumer Financial Protection Bureau’s proposed medical debt credit reporting rule, it’s perhaps interesting to note that a majority of consumers feel forgiving medical debt is more important than forgiving student loan debt, according to the results of a new poll.

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More Americans Favor Medical Debt Forgiveness Than Wiping Away Student Loan Debt

Account Recovery

While the federal government still works out all the kinks related to its plan to forgive student loan debt for individuals, the rest of the country is already moving on to the next type of debt they want to see forgiven — medical debt.

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CFPB Releases Final Medical Debt Credit Reporting Rule

Account Recovery

The CFPBs research found that medical debt is a poor predictor of loan repayment, leading to unnecessary denials for mortgages and other credit products. Unlike other debts, medical expenses are often unexpected and can involve disputes over billing errors or insurance coverage.

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