June 27, 2024

Request for 30-Day Comment Extension on Proposal to Remove Medical Debt Information from Credit Reporting

ICBA and 12 other trade associations requested a 30-day extension on the comment period for the Consumer Financial Protection Bureau’s proposal to remove medical debt information from credit reporting. Credit reporting is a complex process involving many players and the CFPB needs to hear not just from consumer reporting agencies and debt collectors but also from lenders, healthcare providers, and medical device manufacturers.