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Health Care Providers Consumer Financial Protection Bureau (CFPB)

Troutman Pepper

The CFPB’s Increased Focus on Medical Financing Products

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Over the course of the last year, the Consumer Financial Protection Bureau (CFPB or Bureau) has increased its scrutiny of medical financing products, such as medical credit cards and installment loans. In July 2023, the CFPB...more

Cozen O'Connor

The State AG Report – 5.2.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Florida AG Takes the Field Against Atlantic Coast...more

Davis Wright Tremaine LLP

March 2024 UDAAP Bulletin

Editor's Note The following document provides a monthly roundup summarizing enforcement actions, guidance, rulemakings, and other public statements from the Consumer Financial Protection Bureau, the Federal Trade Commission,...more

Cozen O'Connor

The State AG Report – 1.11.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • Democratic AGs Support CFPB Proposal to Oversee Digital...more

Stotler Hayes Group, LLC

Medical Debt Reporting Banned in New York

Healthcare providers in New York are no longer permitted to report patient debt to credit agencies. The new law, known as the Fair Medical Debt Reporting Act, took effect December 13, 2023, and applies broadly to hospitals,...more

Fox Rothschild LLP

The CFPB Considers Rules to Remove Medical Debt from Credit Reports: What does this Mean for Medical and Dental Providers?

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Last month, the Consumer Financial Protection Bureau (CFPB) kicked off a rulemaking process that, if enacted, would reshape the credit reporting and debt collection landscape and could have a detrimental effect on medical and...more

Husch Blackwell LLP

Medical Financing Disclosure Bill Introduced in Illinois

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On October 18, a bill was introduced in the Illinois legislature that, if enacted, would require medical providers to provide certain disclosures to patients when referring them to third-party medical financing plans. If...more

Ballard Spahr LLP

RFI Industry Commenters Urge CFPB to Stay in its Lane on Medical Debt Payments

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American Bankers Association (ABA), Association of Credit and Collection Professionals (ACA International), U.S. Chamber of Commerce (Chamber), Synchrony Bank (Synchrony), and National Consumer Law Center (NCLC) submitted...more

Jones Day

Medical Payment Products and Health Care Pricing Practices Draw CFPB Attention

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The Consumer Financial Protection Bureau (“CFPB”), Department of Health and Human Services (“HHS”), and United States Treasury have issued an interagency Request for Information (“RFI”) focused on the offering and provision...more

Sheppard Mullin Richter & Hampton LLP

CFPB, other Federal Agencies Seek Public Comment about Medical Debt

On July 7, the CFPB, HHS, and Treasury announced a joint inquiry into high-cost specialty financial products which are being offered to patients as alternate forms of payment for routine medical care. Traditionally, these...more

Cooley LLP

CFPB, HHS and Treasury Request Information on Medical Payment Products

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On July 7, 2023, the Consumer Financial Protection Bureau (CFPB), US Department of Health and Human Services (HHS) and US Department of the Treasury (collectively, “the agencies”) published a request for information (RFI) on...more

Troutman Pepper

Federal Agencies Launch Inquiry Into Medical Payment Products

Troutman Pepper on

On July 7th, the Consumer Financial Protection Bureau (CFPB), U.S. Department of Health and Human Services, and the U.S. Department of Treasury (collectively, the agencies) jointly issued a Request for Information (Request)...more

Holland & Knight LLP

Holland & Knight Health Dose: July 11, 2023

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Holland & Knight Health Dose is an in-depth weekly dose of legislative and regulatory insights to keep stakeholders abreast of happenings in Washington, D.C., impacting the health sector. ...more

Ballard Spahr LLP

CFPB, jointly with Dept. of Health and Human Services and Dept. of Treasury, issues request for information regarding medical...

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In advance of a hearing scheduled for today on medical billing and collections in which the focus will be medical payment products such as medical credit cards and installment loans, the CFPB, jointly with the U.S. Department...more

Ballard Spahr LLP

CFPB Targets Specialty Financial Products Used to Pay for Medical Care

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Earlier this month, the CFPB published a report on specialty financial products, such as medical credit cards and installment loans, which are sold to patients as a way to address the growing costs of medical care. The report...more

Goodwin

CFPB Issues Report Highlighting Risks of Medical Financing

Goodwin on

​​​​​​​On May 4, 2023, the CFPB issued a report titled Medical Credit Cards and Financing Plans (the “Report”) that summarized the new developments in medical financing and the associated risks with these products.  ...more

Orrick, Herrington & Sutcliffe LLP

CFPB examines high-cost financings that cover medical expenses

On May 4, the CFPB released a report examining high-cost alternative financing products targeted to patients as a way to cover medical expenses. Products offered by a growing number of financial institutions and fintech...more

Baker Donelson

CFPB Cautions That No Surprises Act Violations Can Implicate Fair Lending Laws

Baker Donelson on

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices when collecting consumer debts. The Consumer Financial Protection Bureau (CFPB) enforces the FDCPA...more

Brownstein Hyatt Farber Schreck

Government Focus on Medical Debt and Credit Reporting Could Impact Various Industries

White House Activity Surrounding Medical Debt   - On April 11, 2022, the White House announced plans in line with a recent government focus on medical debt and credit reporting that could impact medical providers, the...more

Manatt, Phelps & Phillips, LLP

[Webinar] Navigating the Challenges of Medical Debt Recovery - October 19th, 3:00 pm - 4:00 pm ET

With Medical Debt Hitting $140 Billion, Hospitals Are Taking Action. How Can You Maximize Collections While Minimizing Risks? Find Out at a New Manatt Webinar... New research published in the Journal of the American...more

BCLP

Elevating Antitrust Issues: President Biden’s New Executive Order

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During an already busy year for antitrust legislative and regulatory proposals, on July 9, 2021, President Biden issued Executive Order 14036: “Promoting Competition in the American Economy.” The Executive Order (“EO”)...more

Husch Blackwell LLP

The Year To Come In U.S. Privacy & Cybersecurity Law (2021)

Husch Blackwell LLP on

On January 28, 2021, privacy professionals around the world will celebrate Data Privacy Day. This year, we decided to mark the occasion by gathering our team’s thoughts and expectations on what we expect to be the biggest...more

Cozen O'Connor

COVID-19 Fees Challenged | DC AG Sues Instacart | $10 Million Penalty For Robocalls & False Ads

Cozen O'Connor on

COVID-19- Senior Living Facilities Warned Against Charging Potentially Illegal COVID-19 Fees- •Michigan AG Dana Nessel sent cease and desist letters to senior living facilities owner CSIG Holding Co. LLC, management...more

Cozen O'Connor

The State AG Report Weekly Update February 2019 #2

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Charities- Pennsylvania Attorney General Files Petition to Modify Consent Decrees with Health Care Provider and Insurer for Allegedly Violating State Charity Laws- Pennsylvania AG Josh Shapiro filed a petition to modify...more

Cozen O'Connor

The State AG Report Weekly Update September 2018 #3

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2018 AG Elections- New York Holds 2018 Primary Elections- New York held primary elections on Thursday, September 13. ...more

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