Industry Groups Sue Over Biden’s Medical Debt Credit Ban

Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by U.S. President Joe Biden’s outgoing administration banning the inclusion of medical debt in American consumers’ credit reports.

The Consumer Data Industry Association and Cornerstone Credit Union League filed the lawsuit in federal court in Sherman, Texas, on Tuesday, shortly after the U.S. Consumer Financial Protection Bureau finalized the regulation.

Read more at Reuters.