05/28/2025

The CFPB Wanted Medical Debt to be Excluded from Credit Reports

That's changed under Trump

David Deeds is in financial trouble, and he's hoping a federal court in Texas can help get him out of it.

Deeds, who is 62 and owes tens of thousands of dollars in medical debt from cancer treatment, is involved in a complicated lawsuit filed by credit industry groups over the Consumer Financial Protection Bureau's medical debt rule.

The rule, finalized in January just weeks before the end of the Biden administration, would have banned the reporting of medical debt from credit reports. At the time, the agency reported 15 million Americans would benefit from the change, removing $49 billion in medical debt from records. It was set to go into effect in March. But new leadership appointed by President Donald Trump now runs the CFPB.

Please select this link to read the complete article from NPR.