New Rule Erases Medical Debt From Credit Reports

CFPB sued for exceeding its authority on medical debt rule
Two trade groups filed a lawsuit against the Consumer Financial Protection Bureau claiming it exceeded its authority and ignored the legislative history on medical debts.
CFPB Finalizes Rule Removing Medical Debt From Credit Reports
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.
Industry groups sue over Biden ban on medical debt from credit reports
Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of pervasive antisemitism on campus, weeks after mounting criticism helped spur the resignation of Harvard president Claudine Gay.
Medical Debt Struck From Credit Reports in Final CFPB Rule (1)
Most medical debt will be scrapped from consumer credit reports under a final US rule implementing a Biden administration priority, but Republican lawmakers and the credit reporting industry will likely push to overturn the changes.
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
Credit Industry Sues Over Biden's Medical Debt Rule
Two groups from the credit reporting and credit union industries have filed a lawsuit against a new rule by U.S. President Joe Biden, which bans the inclusion of medical debt in credit reports. The lawsuit argues that the rule violates the Fair Credit Reporting Act.
CFPB finalizes rule barring medical debt from credit reports
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
Medical debts will no longer be on credit reports. Here's when new rule takes effect
Change expected to "remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans."
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.
Medical debt will no longer impact your credit under new federal rule
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes. Finalized Tuesday by the Consumer Financial Protection Bureau (CFPB), the rule bans the inclusion of medical debt on credit reports while also prohibiting lenders from considering medical information in their approval decisions.
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 ...
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CFPB targets Experian via lawsuit over credit report errors
The Consumer Financial Protection Bureau (CFPB) is suing Experian, claiming the nationwide consumer reporting agency is ...
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.
CFPB Clarifies Employers’ Obligations When Using Background Dossiers and Algorithmic Scores in Employment Decisions
It’s long been an open secret that employers often review the consumer reports of job candidates when conducting background ...
Experian accused of failing to properly investigate consumer disputes
A top watchdog agency for consumer finance has accused the credit rating company Experian of failing to properly investigate ...
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8 Types of Companies That Are Looking at Your Credit Report
When you apply for a loan, you expect the lender to pull your credit report. After all, you’re borrowing money. It makes ...