A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
Debt collectors sued in Texas federal court to block the Consumer Financial Protection Bureau’s ban on medical debt in credit ...
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering ...
The CFPB's ruling will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans ...
Two trade groups filed a lawsuit against the Consumer Financial Protection Bureau claiming it exceeded its authority and ...
A trade group representing consumer credit reporting companies and a Texas-based credit union association have filed a ...
Credit-reporting companies and debt collectors have previously opposed the policy, which could face political and legal ...
Unpaid medical debt is the largest source of debt in the United States, but it will no longer appear on credit reports, ...
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 ...
Gov. Josh Shapiro in his 2024 budget address proposed a medical debt relief program to forgive $400 million in debt owed by ...
The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including ...