Credit-reporting companies and debt collectors have previously opposed the policy, which could face political and legal ...
President Donald Trump's day-one executive order freezing regulations could affect several rules on consumer finances that ...
The Consumer Financial Protection Bureau’s (CFPB) new rule banning medical debt from credit reports could see a delay and further reconsideration.
The ruling by the Consumer Financial Protection Bureau could help lift credit scores, but it may face legal challenges.
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized rule ...
Debt collectors sued in Texas federal court to block the Consumer Financial Protection Bureau’s ban on medical debt in credit reports, marking the second legal challenge to the rule since it was ...
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting ...
Finalized on January 7, a new rule from the Consumer Financial Protection Bureau (CFPB) prohibits credit reporting agencies from including medical debt information in the credit reports and scores ...
About 22,000 additional affordable mortgages will be approved every year once the rule takes effect, the CFPB projected. Americans who currently have medical debt on their credit reports could also ...
Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn’t ...
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized ...
Banning consumer reporting agencies from including medical debt on credit reports sent to lenders will also help stop lenders from using credit reports to force bill payments, the CFPB said.