The Consumer Financial Protection Bureau (CFPB) is seeking to revoke a Biden-era rule that would prohibit medical debt from appearing on consumer credit reports.
In a joint motion filed on April 30, the agency sided with two trade groups—the Consumer Data Industry Association (CDIA) and the Cornerstone Credit Union League—asking Judge Sean Jordan of the Eastern District of Texas to vacate the rule. The motion was unsealed on May 1.
Finalized in the closing days of the Biden administration, the medical debt rule was set to take effect in March but was delayed after the trade groups sued the CFPB on the same day it was issued. The plaintiffs secured a 90-day stay from the judge, pushing the implementation date to June 15….