Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.
Federal watchdog bans medical debt from credit reports
The Consumer Financial Protection Bureau finalized a rule banning medical debt from being included on Americans' credit reports.
CFPB issues rules to remove medical debt from consumer credit reports
Credit-reporting companies and debt collectors have previously opposed the policy, which could face political and legal challenges under incoming President Donald Trump.
New federal rule will remove medical debt from credit reports
The rule would erase an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans, the CFPB said. That could help boost those borrowers' credit scores by an average of 20 points,
Harris announces ruling removing billions in medical debt from credit reports
Vice President Harris announced a final ruling by the Consumer Financial Protection Bureau to remove $49 billion in unpaid medical debt from consumer credit reports.
Medical debt soon will be banned on credit reports
Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
New Biden Administration Rule Removes Medical Bills From Credit Reports Used By Lenders
The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of Americans.
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