CFPB: Agency Takes Aim at Double Billing and Inflated Charges in Medical Debt Collection
Debt collectors may not collect on inaccurate, unsubstantiated, or invalid medical bills Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to prevent families from being targeted by illegal medical debt collection tactics. The advisory opinion clarifies that debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate…