CFPB Releases Report on Medical Debt and Credit Reporting

CFPB Releases Report on Medical Debt and Credit Reporting The CFPB recently published a report regarding how the national credit bureaus – Equifax, Experian, and Trans Union – handle medical collection credit reporting. The report analyzes the credit bureaus’ decision to refrain from reporting unpaid medical collections for one year and remove all paid medical […]

Debt Collectors Ordered to Pay $4 Million Settlement Due to Illegal Collection Tactics

Debt Collectors Ordered to Pay $4 Million Settlement Due to Illegal Collection Tactics On May 23, the Consumer Financial Protection Bureau (CFPB) and the New York Attorney General’s Office filed a Stipulated Judgment for $4 million against a group of debt collectors who engaged in illegal collection tactics against consumers. The Complaint alleged the collectors […]