Key Points ・A Texas federal judge has blocked the CFPB's January 2025 rule that banned the inclusion of medical debt in ...

CFPB Proposes Changes to Fair Credit Reporting Act to Remove Medical Debt from Credit Reports by: Benjamin M. Saul , Tarrian L. Ellis of Greenberg Traurig, LLP - Alerts Monday, October 2, 2023 ...

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has seen significant changes since President Donald Trump fired former Director ...

Unpaid medical bills are back on the table, which could mean lower credit scores for millions. A federal judge in Texas has ...

A federal judge in Texas has reversed a Biden administration rule that wiped medical debt from credit reports, affecting ...

In a win for credit bureaus and debt collectors, medical debt will be allowed to stay on your credit report after all.

The Consumer Financial Protection Bureau (CFPB) recently took its first step in making possible changes to the Fair Credit Reporting Act (FCRA), having just released its Outline of Proposals and ...

The CFPB is required by the Fair Credit Reporting Act to produce an annual report about complaints submitted by consumers about the ... Change Change % TRU: TRANSUNION: 85.13 +1.85 +2.22% EFX: ...

The new rule follows recent policy changes by the three major credit report bureaus"Equifax, Experian and TransUnion"to exclude medical debt under $500 on consumer credit reports.

In 2020, 46 million people had medical debt listed on their credit report. CFPB’s research showed that medical bills are poor indicators of an individual’s ability to repay a loan.

The CFPB said that Equifax, Experian and TransUnion often fail to help consumers resolve issues or to give them adequate responses. The consumer agency received more than 700,000 complaints about ...

The three major credit bureaus allow consumers to request a free copy of their credit report once a week. Consumers can request a copy at AnnualCreditReport.com and by calling 1-877-322-8228.