Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V)
Regulation V prohibits creditors and consumer reporting agencies from using or sharing medical information in credit decisions, with limited exceptions.
Aforeworn detected this change in the Auto Dealer F&I Compliance space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Auto dealers (franchise, independent, BHPH) and F&I managers who obtain consumer reports or make credit decisions. 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).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Auto Dealer F&I Compliance continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
New restrictions on obtaining, using, or sharing medical information in connection with credit transactions.
Who it affects
Auto dealers (franchise, independent, BHPH) and F&I managers who obtain consumer reports or make credit decisions.
What you must do
Review and update policies and procedures to ensure medical information is not used in credit decisions unless a specific exception applies.
Deadline
Effective 60 days after publication in the Federal Register (publication date January 27, 2025).
Never miss a change like this again
Aforeworn watches Auto Dealer F&I Compliance around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Auto Dealer F&I Compliance
- Interpretive Rules, Policy Statements, and Advisory Opinions; Withdrawal
- Authority of States To Enforce the Consumer Financial Protection Act of 2010; Rescission
- Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services (Regulation AA); Withdrawal of Proposed Rule
- Guidance on Referrals for Potential Criminal Enforcement
- Fair Credit Reporting Act; Preemption of State Laws