Harris announces billions in unpaid medical debt removed from …
Jan 7, 2025 · Vice President Kamala Harris announced Tuesday that Americans will no longer be penalized for medical debt on credit reports. The final ruling by the Consumer Financial Protection Bureau will...
Prepared Remarks of CFPB Director Rohit Chopra on Medical Debt …
Sep 21, 2023 · The Consumer Financial Protection Bureau is launching a rulemaking to block medical debt collectors from weaponizing the credit reporting system to coerce patients into paying bills they may not even owe.
New federal rule will remove medical debt from credit reports
Jan 7, 2025 · 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.
Biden administration bans unpaid medical bills from appearing on …
Jan 7, 2025 · The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau, which means lenders will no longer be able to take that into consideration when deciding to issue a loan.
Medical debt banned from appearing on credit reports
Jan 7, 2025 · The Consumer Financial Protection Bureau said the new rule will also increase privacy protections and prevent debt collectors from using the credit reporting system to coerce people to pay bills they don’t owe.
Harris Bans Medical Debt in Consumer Credit Reports
Jan 8, 2025 · In a groundbreaking announcement on Tuesday, Jan. 07, 2025, Vice President Kamala Harris unveiled the Consumer Financial Protection Bureau’s (CFPB) finalized rule to ban medical debt from consumer credit reports.
Harris unveils rule to erase $49B in medical debt from credit reports
Jan 9, 2025 · Vice President Kamala Harris has announced a new Consumer Financial Protection Bureau rule to eliminate medical debt from consumer credit reports. The White House explained in a release that the action would remove $49 billion in unpaid medical bills, benefiting 15 million Americans by raising credit scores and improving access to …
In sweeping change, Biden administration to ban medical debt …
Jun 11, 2024 · The rule, announced by Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra, comes as President Joe Biden beefs up his efforts to persuade Americans his administration is lowering costs, a chief concern for voters in the upcoming election.
Biden administration to bar medical debt from credit reports
Jun 13, 2024 · Vice President Kamala Harris and Rohit Chopra, director of the Consumer Financial Protection Bureau, formally announced the proposal to take unpaid medical bills off the table in...
White House aiming to scrub medical debt from people's credit …
Sep 21, 2023 · WASHINGTON (AP) — Vice President Kamala Harris said Thursday that the Biden administration is taking the first steps toward removing medical bills from people’s credit scores, which could improve ratings for millions of people.
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