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One in five Oklahomans has medical debt in collections, among the highest rates in the country. A bipartisan bill would tackle one part of the process once those debts reach civil court.
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Officials say the new rules are a necessary update to an outdated law, but consumer advocates worry that borrowers risk missing key information or falling prey to scammers.
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Starting in September, the three main credit agencies will wait 180 days before including medical debt on a credit report, giving consumers time to resolve disputes with insurers.
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A survey by the Consumer Financial Protection Bureau finds that more than 1 in 4 Americans contacted by collectors feel threatened. The bureau is revamping rules for the industry.
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A 1968 federal law allows debt collectors not only to garnish wages but to take from a debtor's bank account. Consumer advocates say the outdated law is overly punitive and out of touch with reality.