The Biden administration has approved new rules that would wipe out an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million people. The rules were finalized ...

The Consumer Financial Protection Bureau has announced significant changes to how medical debt affects consumers' financial ...

The Consumer Financial Protection Bureau’s (CFPB) new rule banning medical debt from credit reports could see a delay and further reconsideration.

The rule ends the inclusion of medical debt on credit reports and prevents lenders from using certain medical information in ...

On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting ...

The Consumer Financial Protection Bureau is aiming to protect consumers from illegal medical debt collection practices.

can cost a fortune 15 million people should see medical debt disappear ...

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 ...

Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.

Credit-reporting companies and debt collectors have previously opposed the policy, which could face political and legal ...

Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn’t ...

Nevada has about 170,000 adults who report medical debt, which can pose a significant financial hardship. But a new federal ...