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Health Care Providers › Credit Reports › Consumer Financial Protection Bureau (CFPB)

Troutman Pepper

The CFPB’s Increased Focus on Medical Financing Products

Troutman Pepper on

Over the course of the last year, the Consumer Financial Protection Bureau (CFPB or Bureau) has increased its scrutiny of medical financing products, such as medical credit cards and installment loans. In July 2023, the CFPB...more

Stotler Hayes Group, LLC

Medical Debt Reporting Banned in New York

Stotler Hayes Group, LLC on

Healthcare providers in New York are no longer permitted to report patient debt to credit agencies. The new law, known as the Fair Medical Debt Reporting Act, took effect December 13, 2023, and applies broadly to hospitals,...more

Fox Rothschild LLP

The CFPB Considers Rules to Remove Medical Debt from Credit Reports: What does this Mean for Medical and Dental Providers?

Fox Rothschild LLP on

Last month, the Consumer Financial Protection Bureau (CFPB) kicked off a rulemaking process that, if enacted, would reshape the credit reporting and debt collection landscape and could have a detrimental effect on medical and...more

Baker Donelson

CFPB Cautions That No Surprises Act Violations Can Implicate Fair Lending Laws

Baker Donelson on

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices when collecting consumer debts. The Consumer Financial Protection Bureau (CFPB) enforces the FDCPA...more

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