Modification of regulations relating to prohibitions on use of medical debt information

(a) Definitions In this section, the terms credit and creditor have the meanings given those terms in section 702 of the Equal Credit Opportunity Act (15 U.S.C. 1691a). (b) Requirement Not later than 1 year after the date of enactment of this Act, the Director of the Bureau of Consumer Financial Protection shall amend section 1022.30 of title 12, Code of Federal Regulations, or any successor regulation, to ensure that creditors are prohibited from obtaining or using information relating to the medical debt of a consumer in determining whether or not to extend credit to that consumer.