The Consumer Financial Protection Bureau (CFPB) made waves this month with a ruling to eliminate the inclusion of medical bills on credit reports. CFPB reports that this action is expected to raise credit scores, subsequently granting thousands of hopeful homebuyers access to affordable mortgages each year. To read more from the Consumer Financial Protection Bureau about this ruling and what it could mean for potential homebuyers, CLICK HERE.
Source: Consumer Financial Protection Bureau (2025, January 7) CFPB Finalizes Rule to Remove Medical Bills from Credit Reports. Retrieved January 22, 2025, from https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/