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CFPB Removes $49 Billion In Medical Debt From Credit Reports, Boosting Financial Access For 15 Million Americans
The Consumer Financial Protection Bureau has announced significant changes to how medical debt affects consumers' financial health. Medical bills will no longer appear on credit reports or factor into lending decisions,
Medical debt removed from credit reports: What it means for you
The Consumer Financial Protection Bureau will remove $49 billion in debt from credit reports. Ashlee Walton of Goldstone Financial Group joins Jim Williams and Marie Saavedra with what changes will come from the new rule.
Biden's Move to Ban Medical Debt from Credit Reports Faces Legal Challenge
The Biden administration's recent rule to prohibit medical debt from appearing on Americans' credit reports has been met with legal opposition from industry groups. These groups, which represent credit bureaus and debt collectors,
New CFPB regulation removes medical debt from credit reports, easing financial burden
In a groundbreaking move, the Consumer Financial Protection Bureau (CFPB) has approved a regulation that will exclude medical debts from American credit reports.
NerdWallet
1d
What Is the Consumer Financial Protection Bureau?
The Consumer Financial Protection Bureau, or CFPB, is a government agency that oversees the consumer finance industry, ...
JD Supra
14h
CFPB Introduces New Rule Banning Certain Contractual Provisions in Consumer Financial Agreements
The Consumer Financial Protection Bureau (CFPB or Bureau) proposed a new rule aimed at banning certain contractual provisions in agreements ...
The National Law Review
15h
What the Future May Hold for the Consumer Financial Protection Bureau's Open Banking Rule
Will the Consumer Financial Protection Bureau’s (CFPB) recently promulgated open banking rule survive under the new Congress ...
1d
on MSN
Consumer bureau sues Capital One for ‘cheating’ customers on savings account interest
The government’s consumer watchdog sued Capital One on Tuesday for “cheating” customers out of billions in interest payments.
JD Supra
13h
CFPB Releases Report Highlighting Consumer Use of Buy Now, Pay Later Products
On January 13, the Consumer Financial Protection Bureau (CFPB or Bureau) released a report providing its analysis of the growth and impact of Buy ...
5d
CFPB Seeks to Strengthen Consumer Safeguards on Digital Payments
The top US consumer financial regulator is seeking to strengthen protections for customers against excessive surveillance and ...
Hoodline
4d
CFPB Sues Experian Accusing Credit Reporting Agency of 'Sham Investigations' in Consumer Dispute Process
The CFPB has sued Experian, claiming the company failed to properly investigate consumer credit report disputes.
1d
Consumer watchdog sues Capital One for allegedly 'cheating' customers out of interest payments
Capital One is defending itself from the CFPB's claims that it cheated customers out of billions of dollars in interest ...
8d
on MSN
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 ...
CoinDesk
5d
Biden's Consumer Watchdog Pushes for Last-Minute Stablecoin Rule
The Consumer Financial Protection Bureau proposed a crypto rule just days before Donald Trump takes the White House and can ...
JD Supra
11h
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – January 2025 # 2
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the ...
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