A consumer claimed that a data furnisher reported false information about her account. The consumer claimed she disputed the debt with the CRAs that forwarded her dispute to the data furnisher, but the data furnisher did not correct her report. She sued the data furnisher for violating the FCRA. 06/28/2022 1:30 P.M. 2.5 minute read […]
A New York district court denied the plaintiff’s request for an injunction ordering a CRA to correct information in his credit report because the FCRA does not provide a private right of action for injunctive relief. 06/23/2022 4:15 P.M. 3.5 minute read Sloan v. TransUnion, No. 321CV00769MADML, 2022 WL 2237639 (N.D.N.Y. June 16, 2022). By […]
The spring 2022 regulatory agenda includes lending and consumer data proposals while debt collection and credit reporting are on the bureau’s radar in public forums. 06/23/2022 12:15 P.M. 4 minute read The Consumer Financial Protection Bureau released its regulatory agenda for spring 2022 including proposed rules on consumer access to financial records and lending data […]
While ACA International’s advocacy and education continue on the medical debt credit reporting changes imposed by the national CRAs, those changes begin to take effect on July 1. ACA has some insight about these upcoming changes to medical debt data furnishing practices. Editor’s note: This article is available for members only. 06/23/2022 11:45 A.M. 5 […]
The bureau released a request for comment on “relationship banking” for consumers, especially in rural areas, as part of the CFPB banking town hall at Montana State University. ACA board member Jennifer Whipple from Montana spoke at the event on behalf of the ARM industry. 06/16/2022 2 P.M. 3 minute read A Consumer Financial Protection […]
The CFPB’s report, like other recent bureau reports on medical debt complaints, lacks context on consumer complaint data. Editor’s note: This article is available for members only. 06/16/2022 10:30 A.M. 6 minute read The Consumer Financial Protection Bureau has released its annual report from the Office of Servicemember Affairs on financial issues experienced by service […]
The requirements for larger hospitals and their debt collector partners start this summer, while smaller critical access hospitals have until February 2023 to comply. North Carolina is also considering a medical debt bill now following suit of other state laws. 06/09/2022 3:30 P.M. 3 minute read Colorado Gov. Jared Polis has signed legislation on price […]
The plaintiffs-appellants contest deprivation of constitutional rights in Nevada’s medical debt law and First Amendment violations preventing collectors from engaging in a lawful business and helping consumers resolve their accounts. Editor’s note: This article is available for members only. 06/08/2022 2:00 P.M. 5 minute read The plaintiffs-appellants in the case challenging the Nevada medical debt […]
The CFPB issued a procedural rule to use its supervisory authority to examine nonbank companies based on risk determination and will publish results to the public, a change that substantially affects regulated entities through unjust “naming and shaming” and that strays from the processes of any other federal banking regulator, ACA said in comments to […]
Medical debt has continued to decline during the pandemic, a trend the Urban Institute examines as changes in medical debt credit reporting by the national consumer reporting agencies will start July 1. 6/1/2022 12:30 P.M. 4 minute read A recent report from the Urban Institute found the share of adults with medical debt in collections […]
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