- Posts by Naomi C. Friedman
AssociateNaomi C. Friedman helps employers find and implement the solutions they need to address the myriad issues they face in the modern workplace.
Naomi assists employers in navigating complex federal, state, and local employment laws ...
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting agencies from including individuals’ medical debt on consumer credit reports. The CFPB states that this Rule, which amends Regulation V of the Fair Credit Reporting Act, aims to ease financial burdens placed on individual consumers seeking loans by preventing medical debt from negatively impacting credit scores. Additionally, the Rule prohibits creditors from considering consumer medical debt information in credit eligibility determinations and decisions.
The Rule has been published in the Federal Register and is scheduled to become effective March 17, 2024. A recent Executive Order, however, may delay or impact whether the Rule is implemented and, if it is implemented, the timing of when the Rule becomes effective.
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Recent Updates
- CFPB’s Recent Rule Eliminates Medical Debt from Credit Reports
- Justices Rebuke Appeals Court for Overlooking High Court Precedent on Unduly Prejudicial Evidence - SCOTUS Today
- TikTok, the Clock Won’t Stop, and Cases Involving Court Jurisdiction Narrowly Focused - SCOTUS Today
- The Second Circuit Revives Sarah Palin’s Defamation Suit Against The New York Times
- How Do Litigators Build the Perfect Jury in a Polarized World? – Speaking of Litigation Video Podcast