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CFPB Amends Regulation V: What You Need to Know

January 29, 2025
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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
Angela Erwin
As the Vice President Risk and Compliance and a Certified Compliance Receivables Professional (CRCP), Angela plays a pivotal role in navigating the complexities of the risk and compliance landscape. Her expertise enables Finvi’s products and services to be at the forefront of compliance, meeting applicable regulatory, security, and privacy standards. Angela is an internationally recognized compliance innovator and has garnered many professional awards for her achievements within her field. As a recognized national speaker, she shares her insights on critical legislation such as the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, federal and state consumer protection regulations, the Telephone Consumer Protection Act, Americans with Disabilities Act, and the Health Insurance Portability and Accountability Act. Angela’s dedication to excellence, coupled with her commitment to advancing industry standards, cements her reputation as a trusted advisor and thought leader in the risk and compliance arenas.
Rozanne Andersen
Rozanne M. Andersen is a distinguished attorney known for her expertise in compliance, particularly within the realms of collection, debt purchasing, and financial services. With a proven history of leadership and advocacy, she stands out as an industry luminary. Her comprehensive knowledge extends to association law, corporate governance, and providing general counsel services. Renowned as a national speaker, she shares her insights on critical legislation such as the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, federal and state consumer protection regulations, and the Health Insurance Portability and Accountability Act. Currently, Rozanne plays a pivotal role in navigating the complexities of the legal and regulatory landscape for Finvi, formerly known as Ontario Systems. Her unparalleled expertise ensures that Finvi remains at the forefront of compliance, enabling clients to navigate the intricate web of state and federal requirements seamlessly.

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