Senators Want Medical Debt Reporting to be Part of Consumer Financial Protection Bureau

The issue of healthcare, and its impact on society as a whole, is impossible to understate. Considering its increasing impact on our wallets, meanwhile, it's not surprising that the market is starting to draw attention from Congressional authorities.

Senator Jeff Merkley of Oregon, joined by Senator Chuck Schumer of New York, Senator Robert Menendez of New Jersey and Senator Sherrod Brown of Ohio have thus come together to send a letter to the Consumer Financial Protection Bureau, specifically in regard to how healthcare-related debts are reported to credit agencies.

The coalition of Senators put together a letter addressed to the CFPB's Director, Richard Cordray, in an attempt to detail the impact of medical debt collection on consumer credit figures.

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Senators Want Medical Debt Reporting to be Part of Consumer Financial Protection Bureau »