The U.S. Supreme Court has ruled in favor of the Consumer Financial Protection Bureau (CFPB) being able to receive funds through the Federal Reserve, rather than congressional appropriations. This decision is important because the CFPB has been targeting medical debt collectors who are collecting money from patients. Americans owe $220 billion in healthcare debt, and the CFPB plans to develop rules to protect patients from aggressive collection practices. Some U.S. hospitals deny care to patients who cannot pay their bills, leading to financial struggles for many debtors. State and local governments are also taking action to protect consumers from medical debt collection.
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SCOTUS Deals a Blow to Medical Debt Collectors
