Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt".
Rep. Pressley Introduces Resolution to Block CFPB From Canceling Medical Debt Protections
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Financial Services for review. No further actions or hearings have been scheduled at this time. The bill is considered active but is not currently moving forward.
Legislative Progress
This resolution is a challenge to an agency decision and would need to pass both the House and Senate to succeed. It is often difficult for such measures to get enough support to become law.
Key Points
Impact Analysis
Personal Impact
Life & Work
Small debt collection businesses and medical billing firms could face continued regulatory burdens from the original Regulation F restrictions on medical debt collection. These rules limit the methods they can use to collect on medical debts, potentially reducing their recovery rates.
Disabilities
Milestones
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articlesSenate Votes to Restore Medical Debt Protections, Reversing CFPB Rollback
The Senate passed S.J. Res. 141 on Thursday, a Congressional Review Act resolution aimed at blocking the CFPB's recent withdrawal of medical debt collection protections. The measure, led by Sen. Raphael Warnock, seeks to reinstate 2024 rules that prohibited unfair tactics by debt collectors.
Warnock's Medical Debt Resolution Clears Senate in Win for Consumer Advocates
In a narrow 51-49 vote, the Senate approved a resolution to overturn the CFPB's decision to rescind guidance on medical debt collection. Supporters argue the move is essential to prevent predatory collection practices from damaging the credit scores of millions of Americans with hospital bills.
Senate Reverses CFPB Move to Rescind Medical Debt Guidance
Lawmakers used the Congressional Review Act to reinstate a CFPB advisory opinion on medical debt that the agency had withdrawn last year. The resolution, S.J. Res. 141, targets the 'Regulation F' withdrawal, effectively restoring federal oversight of deceptive medical debt collection practices.
Source Information
Document Type
Congressional Bill
Official Title
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Debt Collection Practices (Regulation F); Deceptive and Unfair Collection of Medical Debt".
Data Sources
Sponsor
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