The Consumer Financial Protection Bureau has finalized a rule removing an estimated $49 billion in medical bills from the credit reports of 15 million Americans, preventing banks from using medical information in their lending decisions and debt collectors from intimidating medical bill payers.
Tag: CFPB
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The Role of the Consumer Protection Bureau in Safeguarding Consumers
Consumer protection is a vital aspect of any thriving economy. It ensures that consumers are treated fairly and have the means to address issues they may encounter when dealing with businesses. The Consumer Financial Protection Bureau (CFPB) plays a crucial role in safeguarding consumers’ interests in the United States. To demystify the CFPB, we’re diving into their […]