Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says
About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer Financial Protection Bureau. The CFPB has finalized a landmark rule that removes $49 billion in medical debt from credit reports,
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 rule can be very good news for your credit score
Medical debt — a burden for nearly 15 million people in the country — will no longer haunt consumers' credit reports, according to a new federal rule that was finalized on Tuesday.
$49B in medical debt wiped from credit reports
Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit reports. According to the Consumer Financial Protection Bureau, the change will remove $49B in medical debt,
How Removing Unpaid Medical Bills From Credit Reports Could Help Consumers
Lenders soon won't be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans
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 to be stripped from credit reports by federal rule. What to know
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
As Biden Nears Exit, US Bans Medical Debt From Credit Reports
Officials said the new regulation, adopted despite objections from the banking and consumer data industries, would remove $49 billion in medical bills from the credit reports of about 15 million Americans.
Colorado set pattern for national move to leave medical debt off credit reports
The national move to keep unpaid medical bills off credit reports is a duplicative one for Colorado residents after the passage of a first-in-the-nation law in 2023.
Medical Debt Will Disappear From Credit Reports in March, CFPB Ruling Says
The ruling by the Consumer Financial Protection Bureau could help lift credit scores, but it may face legal challenges.
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