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 bills from
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 ignored the legislative history on medical debts.
Industry groups sue over Biden ban on medical debt from credit reports
Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of pervasive antisemitism on campus, weeks after mounting criticism helped spur the resignation of Harvard president Claudine Gay.
CFPB Finalizes Rule Removing Medical Debt From Credit Reports
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.
Medical Debt Struck From Credit Reports in Final CFPB Rule (1)
Most medical debt will be scrapped from consumer credit reports under a final US rule implementing a Biden administration priority, but Republican lawmakers and the credit reporting industry will likely push to overturn the changes.
New Rule Erases Medical Debt From Credit Reports: What It Means For You
If you have any medical debt, you’ll be glad to know it will no longer appear on your credit report. On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced the finalization of a rule that will remove an estimated $49 billion in medical bills from the credit reports of approximately 15 million people nationwide.
Groups sue to block CFPB's medical debt credit reporting ban
Trade groups file lawsuit against CFPB over new rule banning medical debt from credit reports, arguing it exceeds statutory authority.
What happens if you don’t pay a medical bill, now that medical debt may not hurt your credit score?
Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.
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 medical information in assessing borrowers.
Medical debt will be removed from credit reports: What this means for Americans
The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.
Colorado set pattern for national move to leave medical debt off credit reports
The national move to keep unpaid medical bills off credit reports is a duplicative one for Colorado residents after the passage of a first-in-the-nation law in 2023.
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...
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CFPB targets Experian via lawsuit over credit report errors
The Consumer Financial Protection Bureau (CFPB) is suing Experian, claiming the nationwide consumer reporting agency is ...
Experian accused of failing to properly investigate consumer disputes
A top watchdog agency for consumer finance has accused credit rating company Experian of failing to properly investigate ...
CFPB Clarifies Employers’ Obligations When Using Background Dossiers and Algorithmic Scores in Employment Decisions
It’s long been an open secret that employers often review the consumer reports of job candidates when conducting background ...
CFPB sues Experian over "sham investigations" into consumer complaints
Experian accused of violating Fair Credit Reporting Act by reinserting disputed information back into credit reports.
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8 Types of Companies That Are Looking at Your Credit Report
When you apply for a loan, you expect the lender to pull your credit report. After all, you’re borrowing money. It makes ...