Court Vacates CFPB Medical Debt Rule: Key Takeaways for Providers

Earlier this month, the United States District Court for the Eastern District of Texas approved a consent judgment vacating the Consumer Financial Protection Bureau’s (CFPB) Medical Debt Rule. The decision holds that the CFPB exceeded its authority under the Fair Credit Reporting Act (FCRA) and violated the Administrative Procedure Act (APA) when enacting the Rule. This development has significant implications for healthcare providers and other entities involved in the reporting and use of medical debt information.