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New CFPB Rule Keeps Medical Debt Off Credit Reports
CFPB to eliminate medical debts from credit reports
Syrjala says medical bills alone do not determine whether or not you will be accepted for a loan or mortgage. The reason for this change is that the CFPB finds medical debts ‘provide little predictive value to lenders about borrowers’ ability to repay other debts.’
Trade Associations File Challenge to CFPB’s Rule on Medical Debt in Consumer Reports
The Consumer Financial Protection Bureau (CFPB or Bureau) finalized a rule aimed at removing an estimated $49 billion in medical bills from
CFPB targets Experian via lawsuit over credit report errors
The Consumer Financial Protection Bureau (CFPB) is suing Experian, claiming the nationwide consumer reporting agency is unlawfully failing to properly investigate consumer disputes. According to a news release distributed on Tuesday,
JD Supra
8h
CFPB Approves Financial Data Exchange as Open Banking Standard Setter
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as ...
HousingWire
6h
New CFPB report looks at reverse mortgage activity in 2023
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...
2d
Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports, CFPB Alleges
The Consumer Financial Protection Bureau sued the credit reporting agency alleging that if failed to investigate or correct ...
2d
on MSN
Experian sued by CFPB over consumer dispute process
The Consumer Financial Protection Bureau sued Experian (OTCQX:EXPGY) (OTCQX:EXPGF) for failing to investigate consumer ...
2d
Experian credit bureau sued for allegedly failing to properly probe consumer complaints
Experian was sued by the Consumer Financial Protection Bureau, which accused the Costa Mesa-based credit bureau of failing to ...
Digital Transactions
11h
The CFPB Picks FDX for Oversight of U.S. Open Banking Standards
The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final ...
2d
on MSN
CFPB sues Experian over "sham investigations" into consumer complaints
Experian accused of violating Fair Credit Reporting Act by reinserting disputed information back into credit reports.
7d
Trump Should Remake The CFPB Into The Consumer Fraud Protection Bureau
The root of the CFPB’s ineffectiveness is that it believes regulation is the way to fix the banking industry’s problems. To ...
JD Supra
1d
Navigating Consumer Protection: The CFPB's Expanding Reach — Payments Pros – The Payments Law Podcast
In the latest episode of Payments Pros, host Carlin McCrory welcomes Jesse Silverman to discuss the Consumer Financial Protection Bureau's ...
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