Original Source Material
A letter written by Seth Frotman, CFPB General Counsel, to Senator Marcus Riccelli and Representative Joe Timmons of the Washington State Legislature.
CFPB Letter to Washington State Legislature on Barring Medical Bills on Credit Reports
Summary
• The CFPB expressed support for a bill in Washington State that would bar medical bills from appearing on credit reports.
• This action is part of the broader effort by the CFPB to address inaccuracies and unfairness in consumer credit reporting.
Why It Matters for Texas Credit Unions
The article specifically refers to Washington State legislation, making it less relevant for Texas credit unions. However, this could set a precedent that may be applicable elsewhere.