Consumer Financial Protection Bureau

The Biden administration, through the Consumer Financial Protection Bureau (CFPB), has proposed new federal regulations to remove medical debt from credit reports. If implemented, these rules would protect millions of Americans struggling with unaffordable medical bills. Vice President Kamala Harris emphasized that no one should be denied economic opportunities due to medical emergencies. The administration […]

The Consumer Financial Protection Bureau (CFPB), under the direction of Rohit Chopra, is taking significant steps to address the issue of medical debt in the U.S. Recognizing the financial strain that healthcare costs place on millions of Americans, the CFPB is developing regulations to exclude medical bills from consumer credit reports. This initiative aims to […]

You have 1 year to clean up your debt collection issues. According to Consumer Reports, a new rule from the Consumer Financial Protection Bureau (CFPB) will allow debt collectors to contact consumers via email, text message, and social media platforms. The ruling would permit collectors to place up to seven debt-collection phone calls per week […]