CFPB Cracks Down on Medical Debt Collectors Over Unfair Billing Practices
Washington, D.C. — The Consumer Financial Protection Bureau (CFPB) has issued a stringent advisory targeting the practices of medical debt collectors, emphasizing the prohibition of collecting charges that are erroneous or legally nonviable. The advisory reinforces the federal stance against deceptive and unfair practices in medical billing, a critical move as the nation grapples with soaring medical debt levels. Rohit Chopra, Director of the CFPB, in a recent statement highlighted the frequent billing inaccuracies, such as exaggerated charges or billing for unprovided services, that plague patient invoices. “The CFPB is committed to ensuring that no … Read more