The Consumer Financial Protection Bureau finalized the rule Tuesday, though President-elect Donald Trump has proposed sweeping changes and limits to the CFPB’s regulatory reach.
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million ...
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
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 […] ...
In addition, unpaid medical debt no longer appears on credit reports for the first year, whereas the previous grace period was six months. That gives people more time to work with their health ...
"The size of the U.S. population that is credit strapped is so much bigger than people realize. We’re trying to solve this." ...
The change is estimated to raise credit scores by an average of 20 points for millions of Americans and could lead to 22,000 ...
The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of 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 ...
Lenders will no longer be able to consider medical bills in making loan decisions and the bills will be excluded from credit ...
Learn how to get out of debt in 2025 by following these four steps, starting with knowing what you owe and committing to a ...