Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)
New Regulation V prohibits creditors and consumer reporting agencies from using or sharing medical information in credit eligibility determinations, with limited exceptions.
Aforeworn detected this change in the Debt Collection (FDCPA / State) space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. Creditors and consumer reporting agencies (including debt collectors and credit bureaus) that use medical information in credit decisions or reporting. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Effective 60 days after publication in the Federal Register (publication date January 27, 2025; effective date approximately March 28, 2025).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Debt Collection (FDCPA / State) continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Regulation V now explicitly prohibits creditors from obtaining or using medical information in determining credit eligibility, and prohibits consumer reporting agencies from furnishing medical information to creditors for such purposes, unless an exception applies.
Who it affects
Creditors and consumer reporting agencies (including debt collectors and credit bureaus) that use medical information in credit decisions or reporting.
What you must do
Review and update policies and systems to ensure medical information is not used in credit eligibility determinations; implement controls to prevent sharing of medical data with creditors for credit decisions.
Deadline
Effective 60 days after publication in the Federal Register (publication date January 27, 2025; effective date approximately March 28, 2025).
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