Having an erroneous collection account on your credit report isn't a life sentence, though. There are laws in place to ...

kate_sept2004 / Getty Images The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection of consumers' credit information and access to their credit reports. It was passed ...

Maxine Waters (D-CA) has introduced a bill in the House called the Fair Credit Reporting ... would act as an incentive for some people to game the system by taking out large amounts of debt ...

The Consumer Financial Protection Bureau found roughly 43 million Americans had medical bills on their credit reports, ...

The Fair Debt Collection Practices Act (FDCPA) [1], is the federal consumer protection statute which regulates debt collection practices and establishes liability for abusive debt collection practices ...

The trade groups say the rule violates the Fair Credit Reporting Act, which expressly permits consumer reporting agencies to report information about medical debt and authorizes creditors to ...

On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) issued a final rule that would generally prohibit lenders from considering medical debt ... the Fair Credit Reporting Act ...

A pair of trade groups have filed a lawsuit against the Consumer Financial Protection Bureau, aiming to halt the agency's new rule banning medical debt ... the Fair Credit Reporting Act, which ...