CFPB Report Showing 43M in US Have Medical Debt Highlights Glaring Need for Accuracy in Debt Reporting, Collection
Today, at a Consumer Financial Protection Bureau (CFPB) field hearing in Oklahoma City, Center for Responsible Lending (CRL) Policy Counsel Lisa Stifler detailed growing abuses in medical debt collection that can take advantage of financially-distressed consumers and unfairly strip families of wealth. At the hearing, the CFPB released a report showing 43 million Americans have medical debt and announced that it would require consumer credit reporting agencies to regularly report on consumer disputes. Stifler released the following statement: "The fact that the CFPB receives more complaints