US Bans Medical Debt From Credit Reports

New federal rule will remove medical debt from credit reports
In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer 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.
Biden admin finalizes rule to ban medical debt from credit reports
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized a new rule banning medical debt from being included on credit reports. Why it matters: The policy will remove medical debt from about 15 million Americans' credit reports,
Kamala Harris Announces Ban on Medical Debt From Appearing on Credit Reports
The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions of families.
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.
CFPB finalizes rule barring medical debt from credit reports
The Consumer Financial Protection Bureau (CFPB) on Tuesday finalized its rule barring medical debt from being included on credit reports, potentially freeing up billions in credit. The finalized
Credit report change: Some bad debt no longer allowed on credit reports, according to new rule
The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on credit reports used to determine if people qualify for loans on things like homes and autos. The change will remove some $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the CFPB.
Biden administration issues rule blocking medical debt from credit reports
A new rule being implemented by the White House will eliminate medical debt from appearing on 15 million Americans' credit reports.
Biden administration bans unpaid medical bills from appearing on credit reports
The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau.
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.
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