The Consumer Financial Protection Bureau has joined a pair of industry groups in asking a federal court in Texas to vacate a Biden-era rule that banned medical debt from credit reports. The rule, finalized Jan. 7, prohibits lenders from considering…
Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is planning to revoke an advisory opinion warning debt collectors — including third-party revenue cycle management companies — that they are violating federal law when they collect on inaccurate or invalid medical debts. The CFPB…
The Consumer Financial Protection Bureau plans to deprioritize several areas including medical debt, The Wall Street Journal reported April 17. In a memo sent to staff, the agency’s chief legal officer said the CFPB would focus on fraud with “consumer…