CFPB to Erase $49 Million in Medical Debt for 15 Million Americans

The CFPB's new rule will eliminate $49 million in medical debt from credit reports, benefiting 15 million Americans. Discover how this affects one in five Americans with medical debt.

A visually engaging image showing a diverse group of people looking relieved and happy, with a backd
CFPB to Erase $49 Million in Medical Debt for 15 Million Americans

The CFPB estimates the rule will remove $49 million in medical debt from the credit reports of 15 million Americans. Approximately one in five Americans have at least one medical debt collection account.

Source