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The ruling targets a Consumer Financial Protection Bureau rule that would have removed medical debt from 15 million credit ...
Key Points ・A Texas federal judge has blocked the CFPB's January 2025 rule that banned the inclusion of medical debt in ...
A federal judge blocked a rule from the Consumer Financial Protection Bureau that would have stopped medical bills from ...
Unpaid medical bills are back on the table, which could mean lower credit scores for millions. A federal judge in Texas has ...
In a win for credit bureaus and debt collectors, medical debt will be allowed to stay on your credit report after all.
Texas judge rules CFPB lacked authority to bar medical debt from credit files Decision preserves lenders’ ability to consider ...
The judge's decision vacated a rule imposed by the Biden administration earlier this year to keep medical debt from affecting ...
In its recent outline, the CFPB is considering proposing to: (1) revise Regulation V, such that creditors are prohibited from obtaining or using medical debt collection information to make ...
Additionally, the CFPB said the rule will boost the credit scores of Americans with medical debt by an average of 20 points and spur around 22,000 more mortgages a year.
The Consumer Financial Protection Bureau’s (CFPB) new rule banning medical debt from credit reports could see a delay and further reconsideration. The rule was published Jan. 14 in the Federal ...
The CFPB has estimated that the new credit reporting rule will boost the credit scores of people with medical debt on their credit reports by an average of 20 points.
The rule would have removed more than $49 billion in medical bills from the credit reports of about 15 million Americans, the ...