Credit reporting

Texas judges repeals CFPB’s medical debt rule

Texas judges repeals CFPB’s medical debt rule

Bloomberg News A Texas judge has vacated the Consumer Financial Protection Bureau’s medical debt rule and specifically admonished states that have sought to take medical debt off credit reports in a major win for the Trump administration, banks and two trade groups that sued the agency. On Friday, U.S. District Judge Sean D. Jordan, of […]

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Mortgage group eyes end of tri-merge reports

The Mortgage Bankers Association has begun to study the feasibility of reducing the government-related mortgage market’s traditional three credit-report pull to a single one, putting a new twist on an old proposal. President and CEO Bob Broeksmit said in a recent blog that the move could fit in with an industry regulator’s interest in promoting

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