This week’s new rule by the Biden Administration will keep medical debt off of credit reports. It affects more than 15 million Americans and removes nearly $50 billion from credit reports.

However, Deal cautions that the removal of medical debt from credit reports does not absolve individuals from responsibility. “You are still liable for the debt,” she emphasized. “Creditors can still ...

Syrjala says medical bills alone do not determine whether or not you will be accepted for a loan or mortgage. The reason for ...

A rule finalized this week bans outstanding medical debts from appearing on credit reports and prohibits lenders from using ...

A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...

Where are Americans least likely to use a bank? Spokeo analyzed data from the FDIC to illustrate where banking is falling ...

Debt collection trade group ACA International and Specialized Collections Systems, a Houston-based debt collector, filed a lawsuit against the Consumer Financial Protection Bureau alleging its medical ...

On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as ...

The Consumer Financial Protection Bureau (CFPB or Bureau) finalized a rule aimed at removing an estimated $49 billion in ...

This week we break down the new government committee being led by Elon Musk and Vivek Ramaswamy. You can always listen to ...

Statistics show that there has been a significant increase in the level of outstanding consumer credit card balances. For a ...

Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who ...