Two trade associations have filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) over a recent rule that prohibits medical debt reporting in credit reports.
On Jan. 7, the federal agency finalized a rule seeking to “ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.” Agency Director Rohit Chopra said, “people who get sick shouldn’t have their financial future upended.”
The same day, trade groups Consumer Data Industry Association and Cornerstone Credit Union League filed a lawsuit in the U.S. District Court, Eastern District of Texas, to prevent the rule from coming into effect.
“If not overturned, the Final Rule’s impact will be significant and immediate,” the lawsuit said, arguing that having information about consumer debts is critical for lenders. Eliminating medical debts from credit reports “erodes the predictive nature and therefore the value” of these reports.
“This leads to worse credit decisions, which in turn will harm consumers in the form of higher delinquency and default rates and increased costs of credit,” the complaint said. […]
— Read More: www.theepochtimes.com
What Would You Do If Pharmacies Couldn’t Provide You With Crucial Medications or Antibiotics?
The medication supply chain from China and India is more fragile than ever since Covid. The US is not equipped to handle our pharmaceutical needs. We’ve already seen shortages with antibiotics and other medications in recent months and pharmaceutical challenges are becoming more frequent today.
Our partners at Jase Medical offer a simple solution for Americans to be prepared in case things go south. Their “Jase Case” gives Americans emergency antibiotics they can store away while their “Jase Daily” offers a wide array of prescription drugs to treat the ailments most common to Americans.
They do this through a process that embraces medical freedom. Their secure online form allows board-certified physicians to prescribe the needed drugs. They are then delivered directly to the customer from their pharmacy network. The physicians are available to answer treatment related questions.
