Original Source Material
A letter written by Seth Frotman, CFPB General Counsel, to the Representative John J. Lawn, Jr. and the Senator John J. Cronin of the Massachusetts State Legislature.
CFPB Letter to Massachusetts State Legislature on Barring Medical Bills on Credit Reports
Summary
The letter discusses the potential impact of barring medical bills from credit reports; highlights the complexity and challenges in implementing such a change; does not provide new rules or guidance for credit unions.
Why It Matters for Texas Credit Unions
While the article focuses on Massachusetts, it provides insights relevant to all credit unions including those in Texas regarding data and reporting practices.