Original Source Material
A letter written by Seth Frotman, CFPB General Counsel, to Representative Brian Mulder of the South Dakota State Legislature.
CFPB Letter to South Dakota State Legislature on Barring Medical Bills on Credit Reports
Summary
• The CFPB supports legislation in South Dakota that would bar medical bills from appearing on credit reports.
• This action is part of the CFPB's broader efforts to improve consumer financial health and reduce the impact of medical debt on credit scores.
Why It Matters for Texas Credit Unions
While not directly applicable, this guidance reflects ongoing federal efforts that could influence future regulations or best practices for Texas CUs.