Appearing in American Banker on Jan. 23, 2024, a letter to the editor by NCLC Senior Attorney Chi Chi Wu takes on claims the Consumer Financial Protection Bureau (CFPB) is overstepping its authority by banning medical debt from credit reports.
“Banning medical debts from credit reports will allow consumers to access credit more affordably, qualify for more employment opportunities, and obtain housing in high opportunity areas. The rule is a win-win for consumers and responsible lenders.”
Chi Chi Wu, senior attorney at the National Consumer Law Center
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