Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes.
The ruling by the Consumer Financial Protection Bureau could help lift credit scores, but it may face legal challenges.
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
Credit-reporting companies and debt collectors have previously opposed the policy, which could face political and legal ...
The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge ...
However, Deal cautions that the removal of medical debt from credit reports does not absolve individuals from responsibility. “You are still liable for the debt,” she emphasized. “Creditors can still ...
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million ...
Most medical debt will be scrapped from consumer credit reports under a final US rule implementing a Biden administration ...
The Consumer Financial Protection Bureau (CFPB or Bureau) finalized a rule aimed at removing an estimated $49 billion in ...
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
The finalized rule will prevent medical bills from being included on credit reports used by lenders and will prohibit lenders ...