New analysis
measures how many consumers in each state and congressional district could have medical debt removed from their credit reports if a Consumer Financial Protection Bureau (CFPB) rule takes effect. However, a Congressional Review Act resolution introduced in the House and Senate, in addition to pending litigation, could prevent the rule from being implemented.
Using the Urban Institute’s credit bureau data, the researchers find nearly 10 million consumers had medical debt in collections on their credit reports in August 2024, a number that includes consumers in seven states where state laws banning credit reporting of medical debt had not yet taken effect at the time of data collection.
