Written By Lexx Thornton A federal judge has blocked a rule issued by the Consumer Financial Protection Bureau in January that would have removed unpaid medical debt from the credit reports of about 15 million consumers. The ruling, issued Friday by Judge Sean Jordan of the U.S.District Court of Texas’ EasternDistrict, orders that the rule be vacated because of the court’s finding that the CFPB exceeded its authority under the Fair Credit Reporting Act. After the CFPB issued the rule in January, theCornerstone Credit Union League and the Consumer Data Industry Association, a trade group for the credit reporting industry,
The post Federal judge reverses a CFPB rule to strip medical debt from credit reports appeared first on HBCU News.
