On January 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized the Medical Debt Credit Reporting Rule, a rule that will fundamentally alter how medical debt is treated in the financial ecosystem. This update amends Regulation V under the Fair Credit Reporting Act (FCRA), introduces significant limitations on the reporting and use of medical debt in credit eligibility determinations. For healthcare providers, the final CFPB medical debt reporting regulation could impact how patient financial obligations are managed and collected.
In this webinar, Americollect President Shawn Gretz discusses the potential impact of these new regulations, updates on the Trump administration’s response and current and potential actions and what you and your facility can do in the short and long term. Finally, Shawn also informs on other regulations that states are implementing and the impacts.