WASHINGTON,
D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on
Banking, Housing, and Urban Affairs, issued the following statement after the
nation’s largest credit-reporting firms: Equifax,
Experian, and TransUnion announced they would remove most medical
debt from credit reports; the changes came after the Consumer Financial
Protection Bureau (CFPB) announced it would hold bureaus accountable for
inaccurate reports:
“Finally,
millions of Americans will no longer have to worry about medical debt
preventing them from getting a job, renting an apartment, buying a car, or
getting a mortgage. No family should have their financial future ruined because
they or a family member got sick,” said Brown. “Today’s announcement
shows what happens when we have a CFPB that takes real action for consumers. I
look forward to continue working with the CFPB to address the growing burden of
medical debt, protect working families, and hold bad actors accountable.”
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