Misty Castaneda, who struggled with poor credit due to medical debt, praised a recent CFPB rule excluding medical debt from credit reports as a chance for many. However, this rule might be revoked under Elon Musk's Department of Government Efficiency (DOGE), which has begun suspending the CFPB's activities. Trump has dismissed the bureau's director, and the acting director has halted significant functions, leaving the future of this crucial consumer protection and the medical debt rule in jeopardy.
So when she recently heard that the Consumer Financial Protection Bureau (CFPB) had finalized a rule that would keep medical debt off personal credit reports, she knew she had to advocate on behalf of it. It would just open the doors for so many people like me, says Castaneda, now 47 and divorced.
Trump has fired the CFPB's director. Its acting replacement, Office of Management and Budget director Russell Vought, ordered all employees to stop work earlier this week, effectively suspending much of the bureau's bread-and-butter activities.
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