The Debate Over Medical Debt Reporting: Why Healthcare Debt Collection Matters More Than Ever
In recent news, the Consumer Financial Protection Bureau (CFPB) has finalized a rule barring lenders from including unpaid medical debt in consumer credit decisions. This move is poised to impact around 15 million Americans, eliminating approximately $49 billion in medical debt from credit reports and boosting scores by an average of 20 points (AP News). […]