Biden administration enacts rules that bar medical debt from credit scores
The regulations, proposed in June, ban credit agencies from including medical debts on consumers’ credit reports and prohibit lenders from considering medical information in assessing borrowers.
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.
Medical debt banned from appearing on credit reports
Medical debt will no longer appear on credit reports under a new rule finalized by the Biden administration on Tuesday.
CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports
Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn’t ruin Americans’ finances.
Biden administration banning unpaid medical bills from appearing on credit reports
The Consumer Financial Protection Bureau rule will reportedly remove $49 billion in medical debt from the credit reports of more than 15 million Americans.
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 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,
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.
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