CFPB Targets Unfair Medical Debt Collection Practices to Help Protect Consumers
Public Citizen Supports Effort to Ensure Debt Collectors Follow the Law
Washington D.C. – Today, The Consumer Financial Protection Bureau (CFPB) said it’s working to stop debt collectors from illegally collecting medical debt based on inaccurate or invalid medical bills. The effort is part of the Biden administration’s plan to reduce the burden of medical debt on everyday Americans.
Public Citizen co-president Lisa Gilbert released the following statement:
“Public Citizen applauds the Biden-Harris administration for taking further action to protect consumers against medical debt collectors who are acting illegally. Medical debt in this country is out of control, something unheard of in any comparably wealthy country. We must protect patients from debt collectors’ predatory practices and harassment based on false or inaccurate information.
Our work cannot stop here. To bring peace of mind to many American patients more must be done. There is far too much greed in our broken healthcare system that continues to hinder patients’ access to care. We must end the profit motive in healthcare and finally ensure every American can receive care when they need it without facing financial ruin.”