cfpb-seeks-to-remove-medical-bills-from-credit-reports Fair Debt Collection Related Topics 
Collection Industry News
DECEMBER 25, 2023
New YorkCNN — The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were illegal collection practices. Colorado recently enacted a similar ban.
Better Credit Blog
NOVEMBER 23, 2020
When a missed payment goes into collections, it can make your daily life stressful and wreak havoc on your credit score. Whether it’s for a $50 cable bill or a $5,000 hospital bill, a collections entry will stay on your credit report for seven years. Medical debt. Commercial debt.
Troutman Sanders
MAY 2, 2023
Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here.
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