$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.
Industry groups sue to stop Biden from banning medical debt on credit reports
Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit reports, threatening the viability of what could be a popular regulation.
Consumers with medical debt stuck in the middle as ban from credit report faces lawsuit
With the new lawsuits, consumers with medical debt will be stuck in the middle but experts say there are options.
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.
Medical Debt Will Now Be Wiped From Credit Reports
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their credit scores.
New Biden rule would remove nearly $49B in medical debt from millions of credit reports
The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
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 the new medical debt-credit report rule could mean for patients, health industry
The Consumer Financial Protection Bureau's move could lead to providers seeking high payments before treatment, an economist warns. A health scholar says it could protect patients' financial futures.
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.
Credit bureaus sue to block new rule restricting use of medical debt info
A trade group representing consumer credit reporting companies and a Texas-based credit union association have filed a lawsuit to block the Consumer Financ
Joe Biden Reduces Medical Debt 'Burden' For Millions of Americans
Americans owed a total of $220 billion in medical debt in February 2024, with approximately 14 million people (six percent of adults) indebted by more than $1,000. Around three million people (one ...
Americans Are Struggling With Debt And Fear It's Affecting Their Financial Wellbeing
The majority of households in the U.S. report having some type of debt and more than half are concerned about the long-term ...
MLive- Flint/Saginaw/Bay City on MSN4d
$50K in stimulus funds being used to erase medical debts for thousands of Flint residents
Council members voted unanimously to reallocate the American Rescue Plan Act funds during a special meeting on Wednesday, Jan ...