Daily Digest – June 4. Two Senior CFPB Officials Announce Departures; Mass. AG Reaches Settlement With Healthcare Provider Over Billing Practices

TWO SENIOR CFPB OFFICIALS ANNOUNCE DEPARTURES

  • A pair of senior leaders from the Consumer Financial Protection Bureau are departing in the coming weeks, according to published media reports. Bryan Schneider, the Associate Director of the Bureau’s Supervision, Enforcement, and Fair Lending Division is leaving the regulator and Peggy Twohig, the Assistant Director for Supervision Policy, has announced her retirement.

MASS. AG REACHES $260K SETTLEMENT WITH HEALTHCARE PROVIDER OVER BILLING PRACTICES

  • The Attorney General of Massachusetts has announced a settlement with a healthcare provider that will see the company pay $260,000 — including a civil penalty of $185,000 — after it was accused of failing to disclose to patients that it was not part of their insurance network and seeking to collect “unfairly high charges.”

REPORT CALLS OUT ‘COSTLY’ DEBT COLLECTORS FOR WORKING DEBTS OWED TO PUBLIC COLLEGES

  • Public colleges in 49 states across the country — all but Louisiana — are being called out in a report for placing unpaid debts with private collection agencies to be repaid for tuition, library fees, and parking fines, creating a “spiraling” amount of debt that former students are not able to repay, which keeps them from being allowed to continue their educations. A pair of collection agencies are specifically identified in the report, but there are other private collection agencies that are being accused of being part of a system that is keeping as many as 36 million Americans from not being able to finish their degree.

JUDGE GRANTS MSJ FOR DEFENDANT IN FCRA CASE OVER DISPUTED DEBT

  • In a case that was defended by Ethan Ostroff and the team at Troutman Pepper, a District Court judge in Georgia has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case in one of those unfortunate situations where an individual gets hung up while waiting for insurance payments to cover a debt.

CROWN ASSET MANAGEMENT WELCOMES CHRIS MCGILL AS HUMAN RESOURCES MANAGER

  • Crown Asset Management, LLC (CAM), a receivables management and specialty finance firm in Duluth, GA, is pleased to announce the addition of Chris McGill as Human Resource Manager, bringing with her over 25 years of experience and expertise in human resources. Ms. McGill’s responsibilities include proactively identifying and addressing challenges, developing and implementing company policies for increased efficiency, delivering training, and enhancing the employee experience.

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