White Paper

3 Pages
  • 3 Pages

CFPB Issues Report on Tradeline Reporting by Third-Party Debt Collectors

 

Could medical debt act as ammunition towards amending FCRA’s restrictions?

The new report recently released by the Consumer Financial Protection Bureau, reviews tradelines disclosed by third-party debt collectors as reflected on credit reports assembled by nationwide consumer reporting agencies. These tradelines consist of those accounted for by debt buyers and those accounted for by non-buyers. This white paper reviews the key findings and if changes to debt collection rules are on the horizon.