Game Changer: New CFBP Rules Wipe Medical Debt Off Credit Reports!
Image Credit: chormail/123rf.com The Consumer Financial Protection Bureau (CFPB) has introduced new regulations aimed at alleviating the burden of medical debt on American consumers. Announced on January 7, the rules prohibit credit reporting agencies from including medical debt in credit reports, effectively barring lenders from considering such debt when evaluating borrowers. Medical debt impacts around…