← All regulatory updates

Consumer Financial Protection Bureau

CFPB Letter to Oregon State Legislature on Barring Medical Bills on Credit Reports

January 28, 2025

Summary

The CFPB provided technical assistance to Oregon state legislators supporting proposed legislation that would prohibit the inclusion of medical debt on consumer credit reports. The Bureau argues that medical debt is a poor indicator of creditworthiness and that its exclusion would improve financial fairness for borrowers.

A letter written by Seth Frotman, CFPB General Counsel, to Senator Wlnsvey Campos and the Representative Nathan Sosa of the Oregon State Legislature.

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-letter-to-oregon-state-legislature-on-barring-medical-bills-on-credit-reports/

Common questions

What does "CFPB Letter to Oregon State Legislature on Barring Medical Bills on Credit Reports" cover?
The CFPB provided technical assistance to Oregon state legislators supporting proposed legislation that would prohibit the inclusion of medical debt on…
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.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates