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.

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.

During his four years as president, Democrat Joe Biden experienced a sustained series of defeats at the U.S. Supreme Court, whose ascendant conservative majority blew holes in his agenda and dashed precedents long cherished by American liberals.

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

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

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

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

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.

Joe Biden has blocked unpaid medical bills from appearing on credit reports according to a final rule announced Tuesday by the Biden administration. Unpaid medical bills showing on credit reports can block people from mortgages,

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.