Trump Pauses Rule to Remove Medical Debt from Credit Reports
President Trump paused a rule that would remove \$49 billion in medical debt from the credit reports of at least 15 million Americans, creating uncertainty for millions and highlighting the political battle over consumer protection and healthcare costs.
Trump Pauses Rule to Remove Medical Debt from Credit Reports
President Trump paused a rule that would remove \$49 billion in medical debt from the credit reports of at least 15 million Americans, creating uncertainty for millions and highlighting the political battle over consumer protection and healthcare costs.
Progress
36% Bias Score
CFPB Fines Equifax \$15 Million for Credit Reporting Errors
The Consumer Financial Protection Bureau (CFPB) fined Equifax \$15 million for failing to properly investigate disputed consumer credit report information, citing flawed processes and technology that harmed millions since at least October 2017, violating the Fair Credit Reporting Act.
CFPB Fines Equifax \$15 Million for Credit Reporting Errors
The Consumer Financial Protection Bureau (CFPB) fined Equifax \$15 million for failing to properly investigate disputed consumer credit report information, citing flawed processes and technology that harmed millions since at least October 2017, violating the Fair Credit Reporting Act.
Progress
40% Bias Score
CFPB Removes \$49 Billion in Medical Debt from Credit Reports
The CFPB finalized a rule eliminating roughly \$49 billion in medical debt from credit reports, effective in 60 days, despite opposition from banking and credit agencies, and the incoming Republican majority.
CFPB Removes \$49 Billion in Medical Debt from Credit Reports
The CFPB finalized a rule eliminating roughly \$49 billion in medical debt from credit reports, effective in 60 days, despite opposition from banking and credit agencies, and the incoming Republican majority.
Progress
16% Bias Score
Credit Card Delinquency Surge Prompts Debt Collection Concerns
Facing rising credit card debt, millions of Americans are struggling with payments; 20% of users are maxed out, and 9% of payments are delinquent, leading to potential legal action from debt collectors, but the FDCPA protects consumers from harassment and deceptive practices.
Credit Card Delinquency Surge Prompts Debt Collection Concerns
Facing rising credit card debt, millions of Americans are struggling with payments; 20% of users are maxed out, and 9% of payments are delinquent, leading to potential legal action from debt collectors, but the FDCPA protects consumers from harassment and deceptive practices.
Progress
32% Bias Score
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Conflicting Credit Reporting Changes Impact Millions of Americans
The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.
Progress
48% Bias Score