Overview

• The ruling bars the Consumer Financial Protection Bureau from reinstating the regulation or issuing similar limits on medical debt reporting
• Jordan concluded the CFPB overstepped authority granted by a 2003 credit-reporting law in January’s rule
• Trade associations including the Consumer Data Industry Association and Cornerstone Credit Union League sued, arguing the rule violated the Fair Credit Reporting Act
• The regulation had aimed to remove about $49 billion in medical debt from the credit reports of roughly 15 million Americans
• The CFPB ceased defending the rule after President Trump took office, aligning with the administration’s request to scrap the policy