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A federal judge in Texas removed a Biden-era finalized rule by the Consumer Financial Protection Bureau that would have ...
The ruling targets a Consumer Financial Protection Bureau rule that would have removed medical debt from 15 million credit ...
A federal judge blocked a rule from the Consumer Financial Protection Bureau that would have stopped medical bills from ...
An estimated one-fifth of U.S. households have medical debt on their credit reports, a burden that makes it more expensive ...
Consumers were dealt a blow after a federal judge in Texas voided a Biden-era rule that would ban the inclusion of medical ...
The CFPB pushed further, however, finalizing a rule in early January barring all medical debt from influencing people’s ...
The new rule follows recent policy changes by the three major credit report bureaus"Equifax, Experian and TransUnion"to exclude medical debt under $500 on consumer credit reports.
The Biden-era CFPB, under former Director Rohit Chopra, said that the rule would erase $49 billion in medical debt from credit reports for about 15 million people.
"The CFPB's final rule will close a special carveout that has allowed debt collectors to abuse the credit reporting system to coerce people into paying medical bills they may not even owe." CFPB ...
Amid a regulatory push ahead of the White House transition, the Consumer Financial Protection Bureau (CFPB) unveiled a new rule on Tuesday to eliminate medical debt from credit reports.The ...
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 ...
The rule would have removed more than $49 billion in medical bills from the credit reports of about 15 million Americans, the ...