HAPPY HOLIDAYS & THANK YOU
As we reflect on 2024, we recognize it has been a year of both achievements and challenges. You’ve all worked diligently for your patients and customers, entrusting us with responsibility of collecting both of your ongoing and past-due accounts. We deeply appreciate your understanding of the new rules and regulations that affect both you and us. Above all, we are truly grateful for your dedication, loyalty, and patience during these uncertain times.
The holiday season is a time for family and friends, and we consider you a part of our extended family. Please accept our heartfelt thanks for your continued trust in our services, and we wish you a prosperous and successful new year!
May the season bring you joy, peace, happiness, and hope!
As you know, the collection industry has faced many new regulations. As many of you may not know, the Consumer Financial Protection Bureau (CFPB) is a federal agency overseeing the financial sector. As a collection agency, we are part of this agency. They rushed through new rules and regulations in the year’s final months. A national ban on credit reporting for medical debt is part of those new regulations.
National Business Factors is a member of The Association of Credit and Collection Professionals (ACA), which has filed a lawsuit against these new regulations with a motion for an emergency injunction to stop this regulation from going into effect. CFPB agreed to postpone the effective date of this regulation until January 2, 2025. Thus, allowing the judge in the case to issue a decision. Other credit issuing associations joined the fight and filed their lawsuit against CFPB. ACA hopes to succeed in stopping the regulations from taking effect. We will keep you updated on this essential information.
NBF is currently hiring! Client Service Representative/Data Analyst, Collection Analyst, Client Outsource Representative. Referrals are welcome. Please have applicants call our HR Department at (775)267-6051. Applications may be found under the “About Us” tab at www.thenbfgroup.com Submit via email to [email protected] or in person.
© 2024 The NBF Group Inc.