FACT SHEET: Vice President Harris Announces Final Rule Removing …
3 days ago · In March 2022, the CFPB released a report estimating that medical bills made up $88 billion of reported debts on credit reports. After the March 2022 report, the three largest credit reporting ...
Industry groups sue over Biden ban on medical debt from credit …
1 day ago · The trade groups say the rule violates the Fair Credit Reporting Act, which expressly permits consumer reporting agencies to report information about medical debt and authorizes creditors to ...
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports
3 days ago · WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in …
Prohibition on Creditors and Consumer Reporting Agencies …
3 days ago · The Consumer Financial Protection Bureau (CFPB) is issuing a final rule amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), concerning medical information. The FCRA prohibits creditors from considering medical information in …
CFPB sues Experian over "sham investigations" into consumer ... - CBS News
2 days ago · The agency is suing the consumer reporting conglomerate for violating the Fair Credit Reporting Act that requires Experian and other companies take steps to ensure the information they compile is ...
FTC Approves Changes to Five FCRA Rules
Sep 8, 2021 · The Federal Trade Commission approved final revisions that would bring several rules that implement parts of the Fair Credit Reporting Act (FCRA) in line with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Biden Administration Moves to Ban Medical Debt From Credit …
3 days ago · The new rule comes after the three major credit reporting agencies — TransUnion, Equifax and Experian — announced in 2022 that they would take certain types of medical debt off credit reports ...
Credit Reporting - Federal Trade Commission
Oct 31, 2018 · The Fair Credit Reporting Act promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies (CRAs). To ensure compliance, the agency pursues an aggressive enforcement program aimed at the main players in the consumer reporting system – CRAs, those who send them information, and consumer report users.
Credit reporting requirements (FCRA) - Consumer Financial Protection Bureau
Dec 3, 2024 · Resources to help industry understand, implement, and comply with the Fair Credit Reporting Act and Regulation V. Featured topic On January 7, 2025, the CFPB issued a final rule on consumer reporting of medical information, including medical …
US Supreme Court rules that federal government can be liable under Fair ...
Feb 9, 2024 · In a unanimous slip opinion, the US Supreme Court ruled on Thursday that the Fair Credit Reporting Act (FCRA) waives sovereign immunity and that the federal government can be liable for incorrect debt reporting that damages credit scores.