A new bill introduced on Capitol Hill seeks to change how medical debt is reflected on credit reports, offering consumers the opportunity to improve their credit scores by including positive medical debt payments. Currently, medical debt can negatively impact credit scores, but paying off this debt doesn’t contribute to improving them. In response, U.S. Representatives Don Bacon and Marie Gluesenkamp Perez have introduced the bipartisan Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024. This legislation aims to allow medical payments, once settled or paid, to be reported to credit reporting agencies (CRAs) in a way that can help boost an individual’s credit score.
On October 4, the Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (Fed) announced increased dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).
Recently, Cisco Systems, Inc. responded to hackers’ claims that the company was the recent victim of a cyberattack. While Cisco has not yet confirmed that company data was compromised, a representative explained that the company is aware of the claims and is in the process of conducting an investigation.
In a September 2024 opinion, the United States District Court, Southern District of New York (SDNY) addressed the conditions for transfer of consent under the FCC’s Telephone Consumer Protection Act (TCPA) Do Not Call (DNC) rules. The case, Watson et al. v. Manhattan Luxury Automobiles, Inc., which involved marketing texts sent to former customers of a now defunct car dealership by a then-related dealer seeking to service those customers, sheds light on the question of whether and when consent to receive communications can be transferred from one entity to another, particularly in cases where businesses have closed or transferred operations.
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