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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 credit reports. ・The ruling reverses protections for up to 15 million Americans ...
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 ...
An estimated one-fifth of U.S. households have medical debt on their credit reports, a burden that makes it more expensive ...
In a win for credit bureaus and debt collectors, medical debt will be allowed to stay on your credit report after all.
CFPB research has indicated that medical debt on credit reports is “a poor predictor” of whether a person will repay a loan, ...
The CFPB pushed further, however, finalizing a rule in early January barring all medical debt from influencing people’s ...
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 ...
The rule would have removed more than $49 billion in medical bills from the credit reports of about 15 million Americans, the ...