Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
CFPB Regulation V: Medical Information Prohibition Rule
Discover the pivotal changes brought by the CFPB’s final rule amending Regulation V concerning medical information. This course offers an in-depth understanding of the new prohibitions on using medical debt in credit eligibility decisions, ensuring fairer credit practices. Learn about compliance strategies, the impact on stakeholders, and how these changes could increase credit access for consumers.
In this course you will learn the following:
* Understand the background and justification for the final rule.
* Identify prohibited uses of medical information by creditors.
* Define “medical debt information” under the rule.
* Specify limitations on consumer reporting agencies furnishing medical debt information.
* Recognize compliance requirements and effective dates.
* Understand the potential impacts of the rule on various stakeholders.
Additional information
| Federal Register Title | Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V). Document Number: 2024-30824 |
|---|---|
| Course SKU | FR-25-342-1 |
| Why This Course Is Important | Without this course, learners might miss understanding the critical compliance updates that could affect their credit reporting practices and lead to potential legal challenges. |