New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
Medical Debt Will Now Be Wiped From Credit Reports
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
700K Pa. residents will see medical debt barred from credit scores under Biden rule
Gov. Josh Shapiro in his 2024 budget address proposed a medical debt relief program to forgive $400 million in debt owed by ...
How removing unpaid medical bills from credit reports could help consumers
A rule finalized this week bans outstanding medical debts from appearing on credit reports and prohibits lenders from using ...
CFPB finalizes rule to remove medical debt from credit reports
The Consumer Financial Protection Bureau finalized a rule that would remove medical bills from credit reports and prevent ...
Biden administration finalizes rule on medical debt
The CFPB estimates $49 billion in medical bills will be removed from the credit reports of 15 million Americans under a new ...
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CFPB sued for exceeding its authority on medical debt rule
Two trade groups filed a lawsuit against the Consumer Financial Protection Bureau claiming it exceeded its authority and ...
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering ...
Debt Collectors File New Challenge to CFPB Medical Debt Rule
Debt collectors sued in Texas federal court to block the Consumer Financial Protection Bureau’s ban on medical debt in credit ...
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Trade Associations File Challenge to CFPB’s Rule on Medical Debt in Consumer Reports
The Consumer Financial Protection Bureau (CFPB or Bureau) finalized a rule aimed at removing an estimated $49 billion in ...
Medical Debt No Longer Impacts Credit Scores
There is growing evidence, for example, that credit scores depressed by medical debt can threaten people’s access to housing and drive homelessness. People with low credit scores can also have trouble ...
SD Bankers Association President: Federal ruling to remove medical debt is not as good as it sounds
The Biden Administration is finalizing this Consumer Financial Protection Bureau (CFPB) ruling that would also ban lenders ...