The American Bankers Association has expressed skepticism regarding the rationale behind prohibiting medical debt on credit reports, suggesting that the justification for this measure is not adequately supported. The association argues that there are valid reasons for including medical debt information in credit reports, despite widespread concerns about the impact of medical debt on consumers.
Key points:
– American Bankers Association questions justification for prohibiting medical debt on credit reports
– Contention that there are valid reasons for including medical debt information
– Concerns raised about impact of medical debt on consumers
– Call for further examination of the issue to ensure sound credit reporting practices
You can read this full article at: https://www.housingwire.com/articles/aba-significant-concerns-cfpb-banning-medical-debt-credit-reports/(subscription required)
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