Vice President Kamala Harris announced a new regulation by the Consumer Financial Protection Bureau (CFPB) to remove medical debt from all consumer credit reports. “No one should be denied economic opportunity because they got sick or experienced a medical emergency,

Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.

Vice President Kamala Harris on Tuesday announced a ruling from a federal ... announced the final rule by the Consumer Financial Protection Bureau. “No one should be denied economic opportunity because they got sick or experienced a medical emergency ...

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans

Debt forgiveness to a new twist from the outgoing Biden-Harris administration as a new final rule was announced impacting credit scores for millions of Americans. Leveling the […]

The Consumer Financial Protection Bureau finalized a rule on Tuesday that will bar medical debt from being included in credit scores. Medical debt impacts people’s ability to qualify for home mortgages, car loans, and even renting. The rule will go into effect 60 days after it has been published in the Federal Registrar, which has not happened yet.

The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions of families.

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

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.

The Biden administration announced Tuesday it will be banning unpaid medical bills from appearing on credit reports. Vice President Kamala

Vice President Harris announced a final ruling by the Consumer Financial Protection Bureau to remove $49 billion in unpaid medical debt from consumer credit reports.

Vice President Kamala Harris on Tuesday announced a ruling ... announced the final rule by the Consumer Financial Protection Bureau. “No one should be denied economic opportunity because they ...