A recent rulemaking by the Consumer Financial Protection Bureau (CFPB) would keep unavoidable medical bills off credit reports and protect your credit score. But Congress is considering blocking the rule before it can go into effect.
Advocates cheer action to alleviate adverse effects of medical debt
We applaud the Consumer Financial Protection Bureau (CFPB) initiative to change how medical debt is treated by our credit reporting agencies.
The Consumer Financial Protection Bureau (CFPB) issued guidance to remind credit bureaus that they have a responsibility to exclude obviously false data from credit reports.
Consumer tips on how to check your credit report accuracy
From the CFPB's Office of Servicemember Affairs' recent annual report: Servicemembers told the CFPB about billing inaccuracies and that debt collectors used aggressive tactics to recover allegedly unpaid medical bills. Servicemembers also reported failures by credit reporting companies in helping to resolve inaccuracies and other credit reporting issues.
