Consumer Credit Fairness Act: Are You Properly Prepared to Handle Collection Cases?

The New York Consumer Credit Fairness Act (CCFA) (enacted April 1, 2022), was intended to strengthen consumer protections by requiring debt collectors to be more honest and transparent in their communications. However, the law has significant implications for nursing homes seeking to collect amounts they are owed for services rendered. 



One of the most crucial changes enacted by the CCFA is the establishment of a three-year statute of limitations for claims arising from a consumer credit transaction. Previously, these claims were subject to a six-year statute of limitations as a breach of contract claim. With the new, shorter statute of limitations in effect, it is even more critical for nursing homes to refer cases for collection in a timely manner or risk termination of collection rights. 

Navigating Cross Currents: U.S. Economic Outlook & Impacts

First American colleagues recently reflected on the state of the U.S. economy and discussed potential impacts—utilizing research and insights from City National Rochdale, RBC Economics, and a presentation given by Gerard Cassidy, Managing Director at RBC Capital Markets. Explore key takeaways from our discussion: 

Nurturing Effective Leaders in a Pilot Learning &Development Program

Loretto partnered with Nonprofit HR to design and implement a pilot leadership developmentprogram for their directors, managers and front-line supervisors. The organization shifted their focuson clinical skill development and recognized that, due in part to the pandemic, most of theirsupervisors, managers and directors had not received foundational leadership development. The goalof partnering with Nonprofit HR was to create and deliver a pilot project, with the intent to roll it outacross all 600 of their directors, managers and supervisors over the next few years.

What would You Do With $10,000?

Value First is running the 5-Star Sweepstakes and your organization could win one of five $10,000 prizes. What would you do with $10,000? Maybe replace aging equipment or throw a staff party. The choice will be yours if you win one of the five grand prizes. Participating in the drawing is simple:

·     Members currently utilizing the Value First food program can enter by submitting the online form at www.value1stonline.com/drawing-form-page



·     Members that are not currently utilizing the Value First food program can enter by submitting the online form at www.value1stonline.com/drawing-form-page along with submitting one month of food purchase data so Value First can run a cost analysis.