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The Latest Breaking News from CFPB

Biden administration finalizes rule on medical debt - Roll Call

The CFPB estimates $49 billion in medical bills will be removed from the credit reports of 15 million Americans under a new rule.

Roll Call

Experian in hot water: CFPB alleges 'sham' credit report Investigations

The consumer watchdog alleges the credit reporting giant conducted inadequate error reviews, potentially harming millions of Americans.

Fortune

US bans medical debt from credit reports as Biden nears exit

Consumer Financial Protection Bureau says change will strike $49bn in medical debt from credit reports.

Al Jazeera

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Harris Pushes to Remove Medical Debt from Credit Reports, Raising Credit Scores for 15M Americans

Kamal Harris announced that a new rule will remove medical debt from all Americans' credit reports, improving their chances of being approved for a car, home, or small-business loan.

International Business Times UK

How removing unpaid medical bills from credit reports could help consumers

Lenders soon won't be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans

The Independent UK

Biden administration bans medical debt from inclusion on credit reports

Kamala Harris announces removal of billions in medical debt from credit reports of 15 million Americans

The Guardian - US

Biden administration bars medical debt from credit scores

The rules ban credit agencies from including medical debts on consumers’ credit reports and prohibit lenders from considering medical information in assessing borrowers.

Fortune

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Medical debt banned from credit reports

The bills can make it difficult or impossible for people to get mortgages, car loans or small business loans

Salon

Fintech Yendo aims to 'stamp out' payday lending with vehicle-backed credit card

“The size of the U.S. population that is credit strapped is so much bigger than people realize. We’re trying to solve this.”

Fortune

Walmart accused of illegally forcing over 1 million of its drivers to open bank accounts

Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to present their case

The Independent UK

Walmart Forced A Million Workers To Use Bank Accounts With Expensive 'Junk Fees' To Receive Paychecks: Feds

The Consumer Financial Protection Bureau has filed a lawsuit against Walmart and financial services company Branch over employee accounts with expensive fees.

International Business Times

Walmart Forced a Million Workers to Use Bank Accounts with Expensive 'Junk Fees' to Receive Paycheck or Risk Losing Job: Lawsuit

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against U.S. retailer Walmart and financial services company Branch after it was reported that the former unlawfully opened Branch accounts with expensive deposit fees on behalf of its employees.

Latin Times

CFPB Sues Walmart And Branch Messenger Over Worker Pay Accounts

CFPB sues Walmart and Branch Messenger for forcing delivery workers into costly deposit accounts, resulting in excessive fees and delays. Legal action high...

Top News

Biden Administration Limits Overdraft Fees To Protect Consumers

Learn about the Biden administration's new rule targeting overdraft fees and its potential impact on consumers and banks.

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