Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, including banning medical debt from credit reports and restricting late fees and overdraft fees.

Democrats may have lost power in Washington in part because voters blamed them for the rising cost of goods, but when Joe Biden’s administration hands over power, it will also leave behind a series of strong new protections for consumers.

Financial industry powerhouses are going full steam ahead in court fighting Biden administration banking rules, even as Republicans set for a power trifecta in Washington consider reversing the eleventh-hour rulemaking.

As Biden Nears Exit, US Bans Medical Debt From Credit Reports (Reuters) - President Joe Biden's outgoing administration ... The announcement from the U.S. Consumer Financial Protection Bureau came despite demands from Congressional Republicans that ...

The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.

Joe Biden has blocked unpaid medical bills from appearing on credit reports according to a final rule announced Tuesday by the Biden administration. Unpaid medical bills showing on credit reports can block people from mortgages,

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.

according to a final rule announced Tuesday by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau, which means ...

Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit reports, threatening the viability of what could be a popular regulation.

The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.

There is an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans.