New Rule Erases Medical Debt From Credit Reports

$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.
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.
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 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.
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.
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.
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.
Medical debt to be removed from credit reports of 15 million Americans
Unpaid medical debt is the largest source of debt in the United States, but it will no longer appear on credit reports, allowing 15 million Americans to obtain loans easier. Medical debt will no longer appear on credit reports due to a new rule finalized by the Consumer Financial Protection Bureau.
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.
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
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New federal rule removes medical debt from credit reports
On Jan. 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will ban the inclusion of medical debt on credit reports and prohibit lenders from using medical ...
Americans Are Struggling With Debt And Fear It's Affecting Their Financial Wellbeing
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MLive- Flint/Saginaw/Bay City on MSN3d
$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 ...