The American Bankers Association (ABA) last week submitted a letter to the Consumer Financial Protection Bureau (CFPB) in which it expressed “significant concerns” about a proposed rule that would ban medical debt from appearing on consumer credit reports.

The proposal would bar credit agencies from sharing such debt with mortgage lenders, who in turn would be prohibited from making lending decisions based on how this type of debt could impact an applicant’s financial situation.

ABA agreed with one narrow element of the proposal — to exclude credit issued by a details ⇒

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