The PATCH Act aims to prevent medical debt from being included in consumer credit reports.
The PATCH Act, or Protecting Americans from Treatment-related Credit Harm Act, seeks to amend the Fair Credit Reporting Act. It prohibits the inclusion of medical debt on consumer reports and mandates the Bureau of Consumer Financial Protection to ensure creditors cannot use medical debt information in credit decisions. This change aims to protect consumers from credit harm related to medical debt.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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