The White House wants to remove medical debt from credit scores. Here's why that's a big deal [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
The proposed rule change, announced Tuesday, would also increase privacy protections, help raise credit scores and prevent debt collectors from using the credit reporting system to coerce people to pay. "The CFPB is seeking to end the senseless practice of weaponizing the credit reporting system,” Rohit Chopra, director of the Consumer Financial Protection Bureau, 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." If finalized, the rule would remove as much as $49 billion of medical debts that currently lower the credit scores for 15 million Americans, the bureau said. How did we get here? Congress in 2003 restricted lenders from obtaining or using medical information, including medical debts, through the Fair and Accurate Credit Transactions Act. But federal agencies subsequently issued a special regulatory exception to allow creditors to use medical debts in their cred
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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