Founded in 1970, Cozen O’Connor has more than 925 attorneys practicing internationally in 32 cities across North America and Europe. We are a full-service firm with award-winning practices in litigation, business law, and government relations, and our attorneys have experience operating in all sectors of the economy. Our diverse client list includes global Fortune 500 companies, middle-market firms poised for growth, ambitious startups, and high-profile individuals.
A bill co-sponsored by California AG Rob Bonta which prohibits consumers' medical debt from being reported on credit reports was signed into law and will go into effect on January 1, 2025.
A bill co-sponsored by
California AG Rob Bonta which prohibits consumers'
medical debt from being reported on credit reports was signed into
law and will go into effect on January 1, 2025.
In his statement regarding the newly enacted law,
Senate Bill 1061, AG Bonta explained that credit reports
are meant to gauge an individual's ability to repay future debt
and medical debt is not a reliable indicator of financial risk
because is often unforeseen.
AG Bonta has also previously sent a
letter to the CFPB supporting its rulemaking process to
remove medical bills from consumers' credit reports.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
