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CFPB Amends Regulation V: What You Need to Know
The Consumer Financial Protection Bureau (CFPB) has made amendments to Regulation V to prohibit credit reporting agencies from including medical bills on credit reports sent to lenders.
What does this mean for collections agencies? To help you understand, Finvi hosted a live webinar to help clients navigate the new rule, understand its implications, configure collection system requirements, and maintain reporting compliance under existing law.
During this webinar, presenters Rozanne Andersen and Angela Erwin will discuss:
- A practical explanation of the new rule
- New definition of medical information
- Impact of new rule on credit reporting operations
- System requirements and configuration suggestions
- Answers to consumer demands and other FAQs
- Address your specific questions about this amendment to Regulation V