Medical Debt Banned From Credit Reports

The Consumer Financial Protection Bureau (CFPB) finalized its ban on reporting medical bills on consumers’ credit reports in January 2025. This ban is an amendment to Regulation V that implements the Fair Credit Reporting Act (FCRA). It aims to fight against abusive practices that negatively affect a consumer’s credit report. This CFPB medical debt rule is … Continue reading Medical Debt Banned From Credit Reports