CFPB Issues New Interpretation Affirming Broad Federal Preemption Under the Fair Credit Reporting Act; Would Block State Efforts to Bar Medical Debt From Credit Reports
October 28, 2025 | |
CFPB Issues New Interpretation Affirming Broad Federal Preemption Under the Fair Credit Reporting Act; Would Block State Efforts to Bar Medical Debt From Credit Reports
The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule reaffirming that the Fair Credit Reporting Act (FCRA) generally preempts state laws that address broad areas of credit reporting, consistent with Congress’s intent to establish uniform national standards. The new interpretation replaces and formally withdraws a July 2022 interpretive rule that had taken a narrower view of FCRA preemption, which… (Colocho, October 28, 2025) #Costs, #Health Equity
