CFPB Report Spotlights Medical Billing Challenges

A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical b…

A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and collection complaints submitted to the CFPB.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-report-spotlights-medical-billing-challenges/

Deputy Director Martinez’s Opening Remarks to the Academic Research Council

Deputy Director Martinez remarks at the April 8, 2022 Academic Research Council

Deputy Director Martinez remarks at the April 8, 2022 Academic Research Council

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/deputy-director-martinezs-opening-remarks-to-the-academic-research-council/

CFPB Estimates $88 Billion in Medical Bills on Credit Reports

The Consumer Financial Protection Bureau (CFPB) today released a report highlighting the complicated and burdensome nature of the medical billing system in the United States.

The Consumer Financial Protection Bureau (CFPB) today released a report highlighting the complicated and burdensome nature of the medical billing system in the United States.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-estimates-88-billion-in-medical-bills-on-credit-reports/

Prepared Remarks of Director Rohit Chopra on New CFPB Medical Debt Report

Today, the CFPB released a report on medical billing and collection practices in our country. Medical bills are the most common debt in collections reported on our credit reports. Our own review suggests that roughly 43 million people had medical bills…

Today, the CFPB released a report on medical billing and collection practices in our country. Medical bills are the most common debt in collections reported on our credit reports. Our own review suggests that roughly 43 million people had medical bills on their credit report, in June 2021, with the total outstanding amount around $88 billion.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/prepared-remarks-of-director-rohit-chopra-on-new-cfpb-medical-debt-report/

CFPB Issues Bulletin to Prevent Unlawful Medical Debt Collection and Credit Reporting

The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.

The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-bulletin-to-prevent-unlawful-medical-debt-collection-and-credit-reporting/

Consumer Financial Protection Bureau Releases Report on Third-Party Debt Collections

The Consumer Financial Protection Bureau
(Bureau) released a report today that found that more than one-in-four
consumers with a credit report have at least one debt in collection by third-party
debt collectors.

The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors.

Read more / Original news source: https://www.consumerfinance.gov/about-us/newsroom/bureau-releases-report-third-party-debt-collections/