CFPB Finalizes Rule to Remove Medical Bills from Credit Reports

“Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.”

Hospital Billing statement. Past Due stamped on the invoice.

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