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cfpb highlights illegal practices by medical debt collectors to protect consumers

The Consumer Financial Protection Bureau (CFPB) has issued guidance highlighting illegal tactics used by medical debt collectors, including double-dipping, misrepresentation of consumer rights, and collection of unsubstantiated debts. With over 100 million Americans facing $220 billion in medical debt, these practices can lead to inflated costs and financial distress. The CFPB aims to protect consumers and has proposed rules to remove medical debts from credit reports, enhancing privacy and credit score outcomes.
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09:00 09.10.2024
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