Consumer Financial Protection Bureau
CFPB Letter to South Dakota State Legislature on Barring Medical Bills on Credit Reports
January 28, 2025
Summary
The CFPB issued a letter supporting proposed South Dakota legislation that would prohibit the inclusion of medical debt on consumer credit reports. The Bureau emphasizes that medical debt is a poor predictor of creditworthiness and advocates for its removal to improve consumer financial health and credit accuracy.
AI-generated summary · May 24, 2026. Verify with your compliance counsel before acting.
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Common questions
- What does "CFPB Letter to South Dakota State Legislature on Barring Medical Bills on Credit Reports" cover?
- The CFPB issued a letter supporting proposed South Dakota legislation that would prohibit the inclusion of medical debt on consumer credit reports. The…
- 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.
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