The CFPB’s announcement of a proposed rulemaking to remove medical bills from consumers’ credit reports, as well as the special focus placed on medical debt in its annual report, indicates that reporting medical debt will continue to be a priority.
The continued federal agency scrutiny directed toward credit-reporting agencies (CRAs) by both the CFPB and the FTC, the prevalence of consumer complaints regarding issues related to CRAs, and the large-scale interagency cooperative action taken against TransUnion indicate that administrative oversight of CRAs may continue to be a significant focus.
