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Expert Analysis

The CFPB's Continued Focus On Medical Debt

By Craig Nazzaro, Baker Donelson Bearman Caldwell & Berkowitz PC (January 25, 2017, 11:01 AM EST) -- The Consumer Financial Protection Bureau recently announced a consent order with two debt collection law firms specializing in medical debt. This action is similar to prior CFPB enforcement actions taken against debt collection law firms, such as Faloni & Associates, LLC and Pressler & Pressler, LLP, in which the CFPB alleged violations of the Fair Debt Collection and Practices Act, claiming the firms engaged in unfair, false or deceptive practices. What is interesting about this consent order is that the bureau specifically highlighted the fact that the law firms specialized in the collection of medical debt....

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