credit reporting

A recent federal court decision has vacated the CFPB’s Medical Debt Rule, restoring the previous framework under the Fair Credit Reporting Act (FCRA). Credit reporting agencies can continue to include coded medical debt in consumer reports, and creditors may consider this information when making credit decisions. Healthcare providers should ensure compliance with FCRA requirements and stay alert for future regulatory changes, especially as some states continue to pursue their own medical debt reporting laws.…

Continue Reading Court Vacates CFPB Medical Debt Rule: Key Takeaways for Providers

Last month, the Consumer Financial Protection Bureau (CFPB) issued its 2023 Annual Report on the Fair Debt Collection Practices Act (FDCPA), which notes the CFPB’s activities and observations related to…

Continue Reading The CFPB’s Continued Spotlight on Medical Debt Emphasizes the Importance of Proper Provider Billing

Last month, the Consumer Financial Protection Bureau (CFPB) kicked off a rulemaking process that, if enacted, would reshape the credit reporting and debt collection landscape and could have a detrimental…

Continue Reading The CFPB Considers Rules to Remove Medical Debt from Credit Reports: What does this Mean for Medical and Dental Providers?