Republican lawmakers are moving to eliminate a Biden-era Consumer Financial Protection Bureau rule barring medical debt from appearing on consumer credit reports.
Sen. Mike Rounds (R-S.D.) and Rep. Ralph Norman (R-S.C.) introduced legislation (S. J. Res. 36 and H. J. Res. 74, respectively) that would use the Congressional Review Act to repeal the CFPB’s medical debt rule.
“The CFPB going beyond their statutory authority to eliminate all medical debt from credit reports is irresponsible and a clear example of regulatory overreach,” Rounds said in a statement Tuesday after introducing the measure. Senate Banking Committee Chairman Tim Scott (R-S.C.) ...