Medical debt is a major burden for many Americans, but a new advisory opinion from the Consumer Financial Protection Bureau (CFPB) offers important clarifications to protect patients. The CFPB, which enforces the Fair Debt Collection Practices Act (FDCPA), has highlighted how debt collectors can violate the law when trying to collect medical debt. Understanding these […]
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CFPB Proposes Banning Medical Bills from Credit Reports
The Consumer Financial Protection Bureau (CFPB) is making a bold move to protect consumers from medical debt. They propose banning medical bills from credit reports to help millions avoid financial hardship from unexpected health expenses. Why This Matters Medical debt is a significant issue in the United States. It affects people’s credit scores and financial […]