Consumer Financial Protection Bureau
CFPB Letter to Washington State Legislature on Barring Medical Bills on Credit Reports
January 28, 2025
Summary
The CFPB provided technical guidance supporting Washington State's legislative efforts to prohibit the inclusion of medical debt on consumer credit reports. The Bureau argues that medical debt is not predictive of creditworthiness and that its inclusion creates significant financial hardship, citing its ongoing federal regulatory efforts to achieve a similar nationwide ban.
Common questions
- What does "CFPB Letter to Washington State Legislature on Barring Medical Bills on Credit Reports" cover?
- The CFPB provided technical guidance supporting Washington State's legislative 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.
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