The Consumer Financial Protection Bureau today announced it has begun a rulemaking process to remove medical bills from consumer credit reports. According to the bureau, the rulemaking under consideration would also stop creditors from relying on medical bills for underwriting decisions. The proposal would not stop creditors from obtaining medical bill information for other purposes, such as verifying the need for medical forbearances or evaluating loan applications to pay for medical services, it said.
ABA, associations: Fiduciary rule poses threat to Americans’ financial security
ABA and 12 associations are urging House lawmakers to support four Congressional Review Act resolutions that would overturn a Department...