New CFPB rule to erase medical debt from credit reports

New federal rule will remove medical debt from consumer credit reports for all Americans
This story orginally appeared on The 19th. Sign up for their newsletters. Medical debt will be removed from consumer credit reports for all Americans under a final rule announced Tuesday by Vice President Kamala Harris.
CFPB Finalizes Rule Removing Medical Debt From Credit Reports
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.
Medical Debt Struck From Credit Reports in Final CFPB Rule (1)
Most medical debt will be scrapped from consumer credit reports under a final US rule implementing a Biden administration priority, but Republican lawmakers and the credit reporting industry will likely push to overturn the changes.
Industry groups sue over Biden ban on medical debt from credit reports
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New Rule Erases Medical Debt From Credit Reports: What It Means For You
If you have any medical debt, you’ll be glad to know it will no longer appear on your credit report. On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced the finalization of a rule that will remove an estimated $49 billion in medical bills from the credit reports of approximately 15 million people nationwide.
Groups sue to block CFPB's medical debt credit reporting ban
Trade groups file lawsuit against CFPB over new rule banning medical debt from credit reports, arguing it exceeds statutory authority.
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
What happens if you don’t pay a medical bill, now that medical debt may not hurt your credit score?
Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.
How removing unpaid medical bills from credit reports could help consumers
Removing medical debts from consumer credit reports is expected to boost the credit scores of millions of families by an average of 20 points.
Medical debt to be barred from credit reports - a FOX 4 report
Medical debt to be barred from credit reports - a FOX 4 report
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