Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...

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

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

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 ...

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

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

Many of these people carry medical debt despite having some form of health insurance. The CFPB said some of the past-due balances are actually erroneous, reflecting amounts already paid or greatly ...

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 ...

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 ...

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 ...

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.