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...
Impact of CFPB’s Proposed Rule on Medical Debt in Credit Reports
The Consumer Financial Protection Bureau (CFPB) is proposing significant changes to Regulation V, impacting how medical debt information is used in credit eligibility determinations. This course provides a thorough understanding of the proposed rule, which seeks to prohibit creditors from using medical debt information and restricts consumer reporting agencies from including it in credit reports. Gain insights into the rationale behind these changes, the expected impact on stakeholders, and the broader implications for consumer privacy and credit markets.
In this course you will learn the following:
* Comprehend the purpose and intent of the proposed rule.
* Recognize the importance of public participation and the process for submitting comments.
* Understand the potential changes and implications of the proposed rule.
Additional information
| Federal Register Title | Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V). Document Number: 2024-13208 |
|---|---|
| Course SKU | FR-24-911-1 |
| Why This Course Is Important | Without this course, participants may miss out on crucial updates to regulatory practices affecting credit assessments and consumer privacy, particularly the nuances of medical debt's role in credit reporting. |