Troutman Sanders

MAY 2, 2023

Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Chairman Sherrod Brown (D-OH) described consumer credit reports as “riddled with errors.” Brown argued that medical debt “correlates with illness,” not with credit risk. On April 27, the U.S.

Financial services 52

Financial services Trade Government Consumer Credit 52

Burt and Associates

OCTOBER 31, 2024

Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. Debt Verification: Focuses on complaints regarding difficulties in verifying medical debts, with consumers struggling to obtain documentation or responses from debt collectors.

Collections 52

Collections Debt collector Education Fair Debt Collection 52

Troutman Sanders

JULY 11, 2023

The CFPB further alleged that the defendants made guarantees about lowering consumers’ credit card interest rates. The defendants also pitched a credit card debt elimination service, and alleged that they could access funds from the government or from a lawsuit against the credit card industry to pay off consumers’ credit card debt.

Financial services 40

Financial services Student Loans Student loans Credit Card Debt 40

True Accord

JANUARY 21, 2025

CFPB Looks at Medical Debt, Student Loans and So Much Data Medical debt wasnt the only focus for the Consumer Financial Protection Bureau in Q4. What Does This Mean for Debt Collection? in December and the highest since May last year.

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Student Loans Student loans Credit Card Debt Financial Institution 82