The CFPB's Rule to Remove Medical Debt from Credit Reports

In this episode of his "Clearly Conspicuous" podcast series, "The CFPB's Rule to Remove Medical Debt from Credit Reports," consumer protection attorney Anthony DiResta discusses the Consumer Financial Protection Bureau's (CFPB) new rulemaking process to remove medical bills from consumer credit reports. Mr. DiResta explains that the proposal aims to consider what would help families financially recover from medical crises, stop debt collectors from coercing people into paying bills they may not even owe and ensure that creditors are not relying on data that is inaccurate. He also notes that the CFPB has engaged with stakeholders on the issue through public hearings featuring complaints about illegal debt collection and credit reporting practices related to medical billing.