Biden administration finalizes rule on medical debt
The Biden administration finalized a rule Tuesday banning the inclusion of medical debt on credit reports, fulfilling a key priority of President Joe Biden in the waning days of his presidency. But whether the incoming Trump administration or the Republican-controlled Congress will keep the rule is an open question.
Biden Administration Moves to Ban Medical Debt From Credit Reports
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.
New Biden rule would remove medical debt from millions of credit reports
The Biden Administration announced an initiative Tuesday to remove an estimated $49 billion in medical debt from credit reports.
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.
Medical debt will be removed from credit reports: What this means for Americans
The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.
Industry groups sue over Biden ban on medical debt from credit reports
Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of pervasive antisemitism on campus, weeks after mounting criticism helped spur the resignation of Harvard president Claudine Gay.
New Biden Administration Rule Removes Medical Bills From Credit Reports Used By Lenders
The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of Americans.
Biden administration bans unpaid medical bills from appearing on credit reports
Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans
Medical debt banned from appearing on credit reports in new Biden administration rule
Unpaid medical bills will no longer appear on consumer credit reports, which can result in people being blocked mortgages and car loans. Here's what to know about the newly-announced rule.
New rules will ban medical debt from your credit report
The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.
Joe Biden Reduces Medical Debt 'Burden' For Millions of Americans
Americans owed a total of $220 billion in medical debt in February 2024, with approximately 14 million people (six percent of adults) indebted by more than $1,000. Around three million people (one ...
Biden administration finalizes rule to strike medical debt from credit reports
U.S. consumers will no longer have medical debt appear on their credit reports under to a new rule the CFPB finalized Tuesday ...