These are comments from 107 consumer, health care, civil rights, faith-based, economic development, legal services, and advocacy organizations supporting the Consumer Financial Protection Bureau’s proposed rule banning medical debt from credit reports. The proposed rule will benefit the 15 million consumers unfairly burdened by medical debt on their credit reports, disproportionately affecting Black and Latino communities.
The comments also urge the CFPB to:
- extend the credit reporting ban to negative information about lending products used to pay for medical debts, especially medical credit cards;
- address other common abuses with medical lending products.
- extend the medical debt ban to credit reports used for employment and tenant screening.
See all resources related to: Credit Reporting & Data Fairness, Debt & Bankruptcy, High-Cost Credit