CFPB Rule Precluding Reporting of Consumer Medical Debt On Hold Until June or Later
ABSTRACT: Texas federal court issues a 90-day halt on the final rule from the Consumer Financial Protection Bureau (“CFPB”), to prohibit collection and reporting of consumer medical debt.
We have an update regarding our recent blog post on the Consumer Financial Protection Bureau’s (“CFPB”) final rule amending Regulation V, which implements the Fair Credit Reporting Act (“FCRA”). The new rule which would have become effective on March 17, 2025 has been stayed by a Texas federal judge.
The stay was issued in response to litigation challenging the new rule filed by the Consumer Data Industry Association, and others, which represents the major consumer reporting agencies. The Court was also responding to a request from the CFPB’s new leadership requesting a 90-day extension of litigation deadlines to allow the new leadership time to review and consider the CFPB’s position on various agency actions after the presidential administration change.
We will keep our eyes on the litigation and the medical debt reporting rule.
Baker Sterchi’s Financial Services Practice Group is here to help you with any questions or concerns that may arise as a result of the new rule.
Resolution Regarding Litigation Challenging CFPB Rule Capping Late Fees May Have Lasting Impact. ...

Litigation challenging CFPB Rule capping late fees likely to resolve soon. ...
About Financial Services Law Blog
Baker Sterchi's Financial Services Law Blog explores current events, litigation trends, regulations, and hot topics in the financial services industry. This blog informs readers of issues affecting a wide range of financial services, including mortgage lending, auto finance, and credit card/retail transactions. Learn more about the editor, Megan Stumph-Turner, and our Financial Services practice.
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