A groundbreaking regulation by the Consumer Financial Protection Bureau (CFPB) is set to transform the credit landscape in the United States. By excluding unpaid medical bills from credit reports, millions of Americans could see their credit scores rise,
The Consumer Financial Protection Bureau found roughly 43 million Americans had medical bills on their credit reports, totaling nearly $88 billion dollars. Those debts comprised 58 percent of the bills in collections on people’s credit reports.
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes. Credit reports have a significant impact on consumer finances,
can cost a fortune 15 million people should see medical debt disappear
The Consumer Financial Protection Bureau fined Equifax $15 million for credit reporting errors. The CFPB alleged the credit bureau failed to properly investigate consumer disputes.