Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, including banning medical debt from credit reports and restricting late fees and overdraft fees.

The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.

Financial industry powerhouses are going full steam ahead in court fighting Biden administration banking rules, even as Republicans set for a power trifecta in Washington consider reversing the eleventh-hour rulemaking.

As Biden Nears Exit, US Bans Medical Debt From Credit Reports (Reuters) - President Joe Biden's outgoing administration ... The announcement from the U.S. Consumer Financial Protection Bureau came despite demands from Congressional Republicans that ...

Joe Biden has blocked unpaid medical bills from appearing on credit reports according to a final rule announced Tuesday by the Biden administration. Unpaid medical bills showing on credit reports can block people from mortgages,

The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.

The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans.

The move comes just weeks before President-elect Donald Trump is set to take office, raising questions about the policy's long-term stability.

according to a final rule announced Tuesday by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than ...

Rohit Chopra has been going for broke. With the Biden administration winding down, the Consumer Financial Protection Bureau director has continued to roll out splashy and controversial new ...