U.S. Senators Jeff Merkley (D-Ore.), Chuck Schumer (D-N.Y.), Robert Menendez (D-N.J.) and Sherrod Brown (D-Ohio), late last week asked Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to begin addressing the harmful impact of medical debt collection and reporting on consumer credit.
In a letter sent to Director Cordray Thursday, the four Senators detailed the costs imposed on consumers and the economy by unfair medical debt collections and reporting and requested that the CFPB consider regulatory action to address these problems.
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