insideARM Weekly Recap – Week of August 12

The world of debt collection is never at a loss for updates, but separating the important stuff from the background noise isn't always easy. At insideARM, our goal is to help you answer those questions. We wade through the constant onslaught of updates and bring you the need-to-know highlights. Every Monday, we bring you a recap to help you stay informed and let you know why that piece of news is important.

The news was full of CFPB stories last week, but be sure to check out all of the below because - spoiler alert- one of the updates isn't like the others. 

On Tuesday, we brought you an article detailing CFPB Director Chopra's defense of the Medical Debt Collection Rule. The CFPB maintains that any rule is within its authority and that medical debt is not predictive on credit reports. Any organization that collects medical debt should be paying attention to the writing on the wall here. Those that don't collect medical debt should take note of the CFPB's reasoning and stance here. Rarely does anything with the CFPB happen in a vacuum.