Key Takeaways In the final days of Joe Biden's administration, the CFPB issued a flurry of new rules and regulations, including banning medical debt from credit reports and restricting late fees and overdraft fees.

Democrats may have lost power in Washington in part because voters blamed them for the rising cost of goods, but when Joe Biden’s administration hands over power, it will also leave behind a series of strong new protections for consumers.

Financial industry powerhouses are going full steam ahead in court fighting Biden administration banking rules, even as Republicans set for a power trifecta in Washington consider reversing the eleventh-hour rulemaking.

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans.

The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.

The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.

The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.

Rohit Chopra has been going for broke. With the Biden administration winding down, the Consumer Financial Protection Bureau director has continued to roll out splashy and controversial new ...

As Biden Nears Exit, US Bans Medical Debt From Credit Reports (Reuters) - President Joe Biden's outgoing administration ... The announcement from the U.S. Consumer Financial Protection Bureau came despite demands from Congressional Republicans that ...

Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit reports, threatening the viability of what could be a popular regulation.

The U.S. Consumer Financial Protection Bureau announced Tuesday a lawsuit alleging Capital One scammed billions of dollars off its customers in interest payments as it seeks to expand its global enterprise.