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    The Guardian

    Biden administration bans medical debt from inclusion on credit reports

    Biden administration bans medical debt from inclusion on credit reports



    Kamala Harris announces removal of billions in medical debt from credit reports of 15 million AmericansLenders will no longer be able to see whether American borrowers have unpaid medical debt in their credit history, according to a new rule from the outgoing Biden administration.The vice-president, Kamala Harris, announced early on Tuesday that the Consumer Financial Protection Bureau (CFPB) was removing $49bn of existing unpaid medical bills from the credit reports of 15 million Americans and will ban the inclusion of medical debt on credit reports. Continue reading…



    Source link : https://www.theguardian.com/us-news/2025/jan/07/biden-ban-medical-debt-credit

    Author : Lauren Aratani in New York

    Publish date : 2025-01-07 15:46:00

    Copyright for syndicated content belongs to the linked Source.

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