professionals to learn the latest updates
on the new 501(r) rules from the
Internal Revenue Service and their
impact on the collection industry.
ACA member Elizabeth Richards, an
attorney with Clinton A. Harkins PC in
Marietta, Ga., led the comprehensive
presentation on the final rules, which
went into effect on Dec. 29, 2014, and
apply to a hospital facility’s taxable years
beginning Dec. 29, 2015.
Richards discussed how collection
professionals can help their healthcare
provider clients feel confident when
referring their accounts to an agency.
She also covered how to proactively
help clients implement changes that
comply with the new regulations.
Finally, Spring Forum provided
important access to all the education
requirements for ACA’s advanced Credit
& Collection Compliance Officer
designation, which included the
following components:
• Advanced Compliance: Conducting a
Risk Assessment
• Advanced Compliance: Controls &
Corrective Action
• Data Security and Privacy
• Ethical & Professional Collections
• Understanding and Responding to
the CFPB’s Expectations
• Duties of Data Furnishers Under the
FCRA
• Writing Effective Policies &
Procedures
The Credit & Collection
Compliance Officer designation
credentials are an important tool for
collection industry professionals
responsible for developing compliance
strategies and policies within their
companies.
