Data / Federal rules / 2024-30824
Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)
The Consumer Financial Protection Bureau published this final rule in the Federal Register on January 14, 2025. It took effect on March 17, 2025.
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What the agency says
The Consumer Financial Protection Bureau (CFPB) is issuing a final rule amending Regulation V, which implements the Fair Credit Reporting Act (FCRA), concerning medical information. The FCRA prohibits creditors from considering medical information in credit eligibility determinations. The CFPB is removing a regulatory exception that had permitted creditors to obtain and use information on medical debts notwithstanding this statutory limitation. The final rule also provides that a consumer reporting agency generally may not furnish to a creditor a consumer report containing information on medical debt that the creditor is prohibited from using.
Key facts
- Document number
- 2024-30824
- Type
- Final rule
- Action
- Final rule
- Agency
- Consumer Financial Protection Bureau
- Published
- January 14, 2025
- Takes effect
- March 17, 2025
- Dates
- This final rule is effective March 17, 2024.
- Docket
- Docket No. CFPB-2024-0023
- Regulation ID (RIN)
- 3170-AA54
- Code of Federal Regulations
- 12 CFR 1022
- Topics
- Banks, banking; Consumer protection; Credit unions; Holding companies; Privacy; Reporting and recordkeeping requirements; Savings associations
- Significant
- Yes, under Executive Order 12866
- Pages
- 99
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Everything from the Consumer Financial Protection Bureau · Rules on banks, banking · Rules on consumer protection · Rules on credit unions · Published in January 2025
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.