CFPB report discusses medical debt, Senators urge CFPB to finalize rule
By EsqSocial Corporation 27/12/24
On December 12, the CFPB released a report titled “Medical Collections on Credit Reports in Native American Communities,” which analyzed the impact of medical debt collections on credit reports in predominantly American Indian or Alaska Native areas. The report revealed that consumers in Native communities are almost twice as likely to have medical debt in collections compared to the national average and have an average amount of medical debt in collection of 33 percent higher than the national...
By: Orrick, Herrington & Sutcliffe LLP