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Day: April 24, 2024

News

CFPB’s Frotman speaks on medical debt collections and rental financial products

Seth Frotman, General Counsel of the Consumer Financial Protection Bureau, highlighted issues with medical debt collections and tenant screenings in a recent speech. He detailed how the CFPB received over 15,000 complaints about medical debts, leading to a push to exclude such debts from credit reports. Frotman also criticized the increasing ‘financialization’ of the rental market, noting discriminatory practices in tenant screening by corporate landlords, and urged for greater transparency.