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What's up
  • [ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director. CFPB
  • [ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA
  • [ November 18, 2025 ] Fed’s Barr warns of ‘real dangers’ from weakened bank supervision The Fed
  • [ November 18, 2025 ] New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices The Fed
  • [ November 18, 2025 ] Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter OCC
Homemedical debt collection

medical debt collection

CFPB

Agency shutters medical debt collector after consumers complained about unverified bills

December 18, 2023 0

Alleged illegal attempts to collect unverified medical debts after consumers disputed their validity spurred the federal consumer financial protection agency to close down a bill collector and fine it $95,000, the agency said Friday. According […]

No Picture
CFPB

Fewer collections items on credit reports good, but inaccurate medical debt on same reports bad, CFPB finds

February 14, 2023 0

A one-third decline in collections items on consumer credit reports indicates lessening financial distress on households, but inaccuracy of medical debt on credit reports continues to be a drag on those same families, according to […]

No Picture
CFPB

Firms’ reduction in medical debt reporting will leave nearly half of consumers with such debt still affected, CFPB says

July 27, 2022 0

Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]

Today

  • White House offers OMB staffer, with focus on environment, to become consumer bureau director.

    November 19, 2025 0
    The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
  • Regulator takes control of small PA credit union, citing unsafe, unsound practices

    November 19, 2025 0
    A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
  • Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

    November 18, 2025 0
    Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
  • New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

    November 18, 2025 0
    Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
  • Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

    November 18, 2025 0
    So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]

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