However, Deal cautions that the removal of medical debt from credit reports does not absolve individuals from responsibility. “You are still liable for the debt,” she emphasized. “Creditors can still ...
The bureau’s policies restore the no-action letter and sandbox designation, but feature some tweaks aimed at correcting past “shortcomings.” ...
Syrjala says medical bills alone do not determine whether or not you will be accepted for a loan or mortgage. The reason for ...
A rule finalized this week bans outstanding medical debts from appearing on credit reports and prohibits lenders from using ...
A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes. Finalized Tuesday by the Consumer Financial Protection Bureau (CFPB), the rule bans ...
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as ...
The Consumer Financial Protection Bureau (CFPB or Bureau) finalized a rule aimed at removing an estimated $49 billion in ...
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Medical debt ought to be a different case because credit-score blemishes connected to health scares and unforeseen medical mishaps aren't a good gauge of a person's ability to repay other loans, CFPB ...
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
Late Tuesday, the Department of Justice (DOJ) announced its third redlining settlement against a non-bank mortgage company ...
If you have any medical debt, you’ll be glad to know it will no longer appear on your credit report. On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced the finalization of a rule ...
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