Equifax
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Medical Debt Will Now Show On Credit Reports After Trump-Appointed Judge Strikes Down Biden-Era Rule
In a major legal setback for the Biden administration’s consumer protection efforts, a Trump-appointed federal judge has overturned a Consumer Financial Protection Bureau (CFPB) rule that would have eliminated medical debt from consumer credit reports—a move that could have raised credit scores for millions of Americans. U.S. District Judge Sean D. Jordan, who presides over…
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Home mortgage lenders Greystone Mortgage and First Financial Lending accused Equifax (EFX.N) of monopolizing the market for electronic income and employment verification services, resulting in higher prices. They filed the proposed class action in Philadelphia federal court, alleging that Equifax has a “stranglehold” over a verification process crucial to consumer finance. According to the lawsuit,…
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