Why a financial regulator is going after health care debt

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Why a financial regulator is going after health care debt
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The Consumer Financial Protection Bureau, created after the Great Recession of 2007-09, has increasingly started policing the health care system.

Rohit Chopra, director of the Consumer Financial Protection Bureau, is working toward regulation to remove medical bills from consumer credit reports.Rohit Chopra, director of the Consumer Financial Protection Bureau, is working toward regulation to remove medical bills from consumer credit reports.

"Everywhere we travel, we hear about individuals who are just trying to get by when it comes to medical bills," said Rohit Chopra, the director of the CFPB whom President Joe Biden tapped to head the watchdog agency in 2021.The CFPB's turn toward medical debt has stirred opposition from collection industry officials, who say the agency's efforts are misguided.

"There really is such high levels of inaccuracy," Chopra said in an interview with KFF Health News."We do not want to see the credit reporting system being weaponized to get people to pay bills they may not even owe."

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