Medical Debt Archives

CFPB’s Medical Debt Credit Reporting Rule Is a Lifeline to 15M People

January 31, 2025

The rule will help people with unjustly lowered credit scores by lessening medical debt’s impacts and relieving pressure to pay wrongful bills The Consumer Financial Protection Bureau’s (CFPB) medical debt credit reporting rule will remove medical bills from credit reports sent to lenders by companies like Equifax, TransUnion, and Experian. The rule also prohibits lenders…

Testimony in Support of HB 268 (Maryland)

January 29, 2025

Testimony in support of HB 268, which creates consistent guidelines and discounts for patients seeking to access financial assistance, expands eligibility for financial hardship assistance, prohibits reporting hospital medical debt to credit reporting agencies, and bans hospital lawsuits for medical debt of $500 or less in Maryland.

New Resource Empowers Consumers Battling Mounting Debt

January 27, 2025

Free Online, the 2025 Edition of Surviving Debt Provides New Resources on Student Debt, Medical Debt, and Homeowners’ Rights

Bloomberg Law: Medical Debt Struck From Credit Reports in Final CFPB Rule

January 7, 2025

Appearing in Bloomberg Law on January 7, 2025, Evan Weinberger interviews Chi Chi Wu to discuss action to scrap medical debt from consumer credit reports and how Republican lawmakers and the credit reporting industry will likely push to overturn the changes. “Medical debt has damaged the financial record of tens of millions for far too…

CFPB Rule Removes Medical Debts from Credit Reports

January 7, 2025

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to stop the harmful impact of medical debt on consumers’ credit scores.

Alabama Congressman Joins Debt Collectors in Support of Deceptive and Unfair Collection of Medical Debt

November 19, 2024

Rep. Palmer’s Resolution to Overturn the CFPB’s October Advisory Opinion Comes on the Heels of a Legal Challenge Brought by ACA International WASHINGTON – More than 100 million people struggle under the weight of medical debt, with many facing unfair and deceptive debt collection tactics. The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion…

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