CFPB Backs Credit Bureaus in Bid to Strike Down Medical Debt Rule

The Biden-era rule would prohibit medical debt from appearing on consumer credit reports.

The Consumer Financial Protection Bureau building in Washington on Oct. 31, 2023. Madalina Vasiliu/The Epoch Times

The Consumer Financial Protection Bureau (CFPB) is seeking to revoke a Biden-era rule that would prohibit medical debt from appearing on consumer credit reports.

In a joint motion filed on April 30, the agency sided with two trade groups—the Consumer Data Industry Association (CDIA) and the Cornerstone Credit Union League—asking Judge Sean Jordan of the Eastern District of Texas to vacate the rule. The motion was unsealed on May 1.