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New CFPB Rule Keeps Medical Debt Off Credit Reports
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 new rule from the Consumer Financial Protection Bureau (CFPB) prohibits cre
CFPB to eliminate medical debts from credit reports
Syrjala says medical bills alone do not determine whether or not you will be accepted for a loan or mortgage. The reason for this change is that the CFPB finds medical debts ‘provide little predictive value to lenders about borrowers’ ability to repay other debts.’
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
HousingWire
4h
New CFPB report looks at reverse mortgage activity in 2023
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...
JD Supra
7h
CFPB Approves Financial Data Exchange as Open Banking Standard Setter
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as ...
2d
on MSN
Experian sued by CFPB over consumer dispute process
The Consumer Financial Protection Bureau sued Experian (OTCQX:EXPGY) (OTCQX:EXPGF) for failing to investigate consumer ...
7d
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
2d
Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports, CFPB Alleges
The Consumer Financial Protection Bureau sued the credit reporting agency alleging that if failed to investigate or correct ...
2d
on MSN
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.
2d
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 ...
GoodNewsNetwork
14h
Consumer Protection Bureau Will Soon Remove Medical Bills from Your Credit Reports
The CFPB's ruling will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans ...
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medical debt
Fair Credit Reporting Act
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