CFPB proposal would ban medical debt from credit reports [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
doing so, this would prevent credit-reporting companies from sharing medical debts with mortgage lenders while prohibiting lenders from making lending decisions based on such information. Additionally, the CFPB said the proposed rule would increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit-reporting system to coerce people to pay. According to the bureau, the proposed rule is part of its efforts to address issues with coercive credit-reporting practices and the burdens of medical debt. “The CFPB is seeking to end the senseless practice of weaponizing the credit reporting system to coerce patients into paying medical bills that they do not owe,” CFPB Director Rohit Chopra said in a statement. “Medical bills on credit reports too often are inaccurate and have little to no predictive value when it comes to repaying other loans.“ In 2003, the Fair and Accurate Credit Transaction Act began to restrict l
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News
- Don't Open Your First Credit Card Without Reading This [CNET News]CNET News
- Concerns about inflation peak as Americans struggle to shake off a ‘vibecession' [CNBC]CNBC
- TransUnion Announces Earnings Release Date for Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- TransUnion Announces Earnings Release Date for Second Quarter 2024 ResultsGlobeNewswire
- Credit Karma App Review 2024 [Forbes]Forbes
TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 6/24/24 - Form 4
- 6/21/24 - Form 144
- 6/17/24 - Form 4
- TRU's page on the SEC website