A bill is being circulated in the Colorado legislature — which is also backed by the state’s Attorney General — that would cap the interest rate on medical debt, establish requirements on medical debt payment plans, and make violations of surprise or balance billing laws a deceptive trade practice, among …
Read More »Colorado AG Publishes NPRM on Privacy Act Regs
The Attorney General of Colorado has published a draft of proposed rules related to implementing the Colorado Privacy Act, and the public is being asked to comment on the proposal. A copy of the Notice of Proposed Rulmaking can be accessed by clicking here. The state has also scheduled a …
Read More »Colorado AG Issues Guidance Related to Collection Agencies Working Remotely
The Colorado Attorney General’s Consumer Credit Unit last week published new guidance related to the enactment of a law governing remote work for licensed lenders while also noting that the guidance originally enacted at the start of the pandemic in 2020 remains in effect for entities not covered by the …
Read More »Colorado Enacts Medical Debt Collection Bill
The governor of Colorado yesterday signed a bill into law that will prohibit healthcare facilities from pursuing debt collection activities against individuals with unpaid medical bills unless those facilities are in compliance with federal price transparency guidelines. House Bill 1285 prohibits hospitals that are not in compliance with a price …
Read More »Medical Debt Collection Bill in Colorado Moves Closer to Becoming Law
A bill in Colorado that would ban hospitals from placing unpaid debts with collection agencies if the hospitals do not comply with federal price transparency rules is rapidly moving closer to becoming a law, after the state Senate yesterday approved the bill unanimously. The bill, House Bill 1285, now moves …
Read More »Bill in Colo. Prohibiting Collections of Medical Debt Without Price Transparency Advances out of Committee
A bill has been introduced in the Colorado state legislature that would prohibit hospitals from engaging in certain debt collection practices if they are not in compliance with a federal price transparency law, a mandate that only 6% of hospitals in Colorado are currently in compliance with, according to a …
Read More »Colo. AG Reaches $3M Settlement With Auto Lender Over Origination, Collection Issues
The Attorney General of Colorado has reached a settlement with one of the nation’s largest subprime auto lenders that will see the company pay more than $3 million in consumer relief while also requiring it to amend its origination and collection practices, including not requiring consumers to make payments through …
Read More »Colo. AG to Hold Meeting to Discuss Rules Related to New Student Loan Servicing and Collection Law
The Attorney General’s office of Colorado will be holding a virtual meeting next week to discuss components of a new student loan servicing and collection law and draft rules that it has issued which are open to feedback from interested stakeholders. The meeting will take place on Wednesday, July 14 …
Read More »Colo. Appeals Court Fines Hospital For Collecting From Injured Worker
A state Appeals Court in Colorado has found that a healthcare provider violated state law when it attempted to collect unpaid bills from an individual who was hurt on the job — even though the employer did not have worker’s compensation insurance — but ruled that the penalties for such …
Read More »Student Loan Collection Bill Introduced in Colorado Legislature
Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors. A copy of the bill, the Colorado Student Loan Equity Act, SB21-057, can be …
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