Trade Groups Sue US Government Over Medical Bill Credit Reporting Ban

The ban would increase the cost of credit while harming consumers, the complaint said.

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

Two trade associations have filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) over a recent rule that prohibits medical debt reporting in credit reports.

On Jan. 7, the federal agency finalized a rule seeking to “ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.” Agency Director Rohit Chopra said, “people who get sick shouldn’t have their financial future upended.”