CFPB Delays Medical Bill Guidance Amid Debt Collector Lawsuit

Debt collectors were granted a one-month reprieve on Consumer Financial Protection Bureau guidance limiting the placement of medical debt on credit reports, while litigation over the new advisory opinion proceeds.

The CFPB, debt collection industry group ACA International LLC, and debt collection company Collection Bureau Services Inc. agreed to delay the guidance’s effective date until Jan. 2 so that Judge Dabney L. Friedrich in the US District Court for the District of Columbia has time to rule on a temporary restraining order that would block the advisory opinion from taking effect, according to a joint status report filed with the ...