Consumer Financial Protection Bureau
CFPB Letter to Massachusetts State Legislature on Barring Medical Bills on Credit Reports
January 28, 2025
Summary
The CFPB sent a letter to the Massachusetts legislature supporting state-level efforts to prohibit the inclusion of medical debt on consumer credit reports. The Bureau argues that medical billing data is often inaccurate and lacks predictive value for assessing creditworthiness.
Common questions
- What does "CFPB Letter to Massachusetts State Legislature on Barring Medical Bills on Credit Reports" cover?
- The CFPB sent a letter to the Massachusetts legislature supporting state-level efforts to prohibit the inclusion of medical debt on consumer credit…
- Which agency issued this update?
- This update was issued by Consumer Financial Protection Bureau.
- When was it published?
- It was published on January 28, 2025.
Related updates
- Lakeview Loan Servicing, LLC, Pingora Loan Servicing, LLC, Community Loan Servicing, LLC, and Bayview Asset Management, LLC Multistate Settlement Agreement and Consent Order issued by the Division of Banking
- ACI Payments, Inc. Settlement Agreement and Consent Order issued by the Division of Banking
- Updated Nonbank Ransomware Self-Assessment Tool (R-SAT)
- Two Ocean No-Action Letter: Digital Asset Custody & Qualified Custodian Status
- Ultralight FS,. Inc., formerly known as Obopay, Inc., also doing business as Obopay USA
- Guidance on Measures Regulated Entities Should Consider in a Heightened Cybersecurity Threat Environment