Stadelman’s bill championing consumer rights by addressing medical debt passes Senate

• Debt
• Springfield

SPRINGFIELD – State Senator Steve Stadelman’s pivotal bill aimed at safeguarding consumers from the detrimental impact of medical debt on their credit reports passed the Senate.

“Medical debt does not indicate one’s ability to pay their bills,” said Stadelman (D-Rockford).  “By prohibiting consumer reporting agencies from including adverse information related to medical debt in credit reports, we are working to alleviate financial burdens and promote economic stability for individuals and families across our state.”

Senate Bill 2933 would prohibit consumer reporting agencies from incorporating any adverse information stemming from medical debt into consumers’ credit reports.

Read more …

Stadelman legislation that protects consumers buying event tickets passes Senate

• Springfield

SPRINGFIELD – State Senator Steve Stadelman’s legislation aimed at enhancing transparency in the ticketing industry has passed the Senate.

“This bill is a win for Illinois consumers,” said Stadelman (D-Rockford). “By requiring ticket sellers to disclose the total price of event tickets upfront, we are empowering consumers to make informed decisions and eliminate the frustration of hidden fees. Transparency is essential in ensuring fairness and trust in the ticketing industry.”

Speculative ticket listing refers to when sellers list tickets for events that they do not possess in the hope of acquiring them later at a lower price. This often leads to inflated ticket prices, and will leave customers vulnerable to price gouging.

Read more …

Stadelman speaks at press conference about medical debt

Stadelman to protect residents from adverse medical debt reporting

• Debt
• Springfield

SPRINGFIELD – Burdensome medical debt can quickly snowball, making it difficult for people to keep up with the cost and, in turn, affecting their credit scores. During a press conference Wednesday, State Senator Steve Stadelman outlined his measure aimed at prohibiting consumer reporting agencies from including adverse information related to medical debt in credit reports.

“Medical debt should not be a barrier to financial stability or access to credit opportunities,” said Stadelman (D-Rockford). “This bill seeks to ensure that individuals are not unfairly penalized for seeking necessary medical care or experiencing financial hardship due to health care expenses.”

Senate Bill 2933 would prohibit a consumer reporting agency from making a credit report containing any adverse information about the consumer related to medical debt.

Read more …