$49 billion in medical debt will be wiped off Americans' credit reports—what you need to know
The Consumer Financial Protection Bureau has finalized a rule to keep medical bills off of consumers' credit reports.
This Week In Credit Card News: Medical Debt To Be Eliminated From Credit Reports
Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,
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 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.
New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a new rule from the Consumer Financial Protection Bureau (CFPB) prohibits cre
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 Removes $49 Billion In Medical Debt From Credit Reports, Boosting Financial Access For 15 Million Americans
The Consumer Financial Protection Bureau has announced significant changes to how medical debt affects consumers' financial health. Medical bills will no longer appear on credit reports or factor into lending decisions,
Medical debt will be removed from credit reports, affecting 170,000 Nevadans
Nevada has about 170,000 adults who report medical debt, which can pose a significant financial hardship. But a new federal rule could ease some pressure when folks apply for loans.
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About 15 Million People Will Likely Have Better Credit Scores Under This New Rule
The government's consumer watchdog agency has finalized a rule banning medical debt from credit reports in a move that could ...
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