In January 2025, the Consumer Financial Protection Bureau finalized a rule barring credit reporting agencies from including medical debts on consumer credit reports. This joint resolution would erase that rule under the Congressional Review Act — meaning medical debts could again appear on credit reports. An estimated 15 million Americans have medical debts on their credit reports affecting their scores; if the rule is nullified, those marks could reappear, making it harder to qualify for mortgages, auto loans, and rental apartments.
Average Household Impact
- Medical-debt exclusion from credit reports — CFPB rule nullified, allowing medical debt to reappear in scoring
- Consumer access to credit — Roughly 15 million Americans regain medical-debt marks affecting mortgage, auto, and rental approvals
Corporate Benefits
- Credit-bureau and lender flexibility — Medical-debt data restored as a permitted scoring input
Transparency & Accountability
- Congressional Review Act use — Joint resolution nullifies a finalized agency rule under chapter 8 of title 5
Congressional Summary
This joint resolution nullifies the final rule issued by the Consumer Financial Protection Bureau titled Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V) and published on January 14, 2025. This rule prohibits the inclusion of medical debt on credit reports and prohibits creditors from considering medical debt when making credit eligibility determinations.
Details
- Congress
- 119th
- Chamber
- Senate
- Status
- summarized
- Action
- Introduced in Senate
- Action Date
- 2025-03-11
- Date Added
- 2026-04-19
- Source
- Congress.gov →
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