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.
The Biden administration unveiled a proposal to eliminate medical debt records from the credit reports of U.S. citizens as part of an effort to address coercive debt collection methods.
The White House said the Consumer Financial Protection Bureau will develop new regulations that would prevent unpaid medical bills from being counted on credit reports.
The federal government said that including medical debt in credit scores is problematic because “mistakes and inaccuracies in medical billing are common."
WASHINGTON >> Vice President Kamala Harris said today 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.
Vice President Kamala Harris and the Consumer Financial Protection Bureau announced the Biden administration is proposing a rule to remove medical debt from credit reports.
The administration announced a new initiative that would potentially help tens of millions of people by eliminating information that can depress consumers’ scores as a result of medical debt.
By Tami Luhby, CNN (CNN) — Millions of Americans with unpaid medical bills would no longer have that debt show up on credit reports under proposals being considered by the Consumer Financial Protection Bureau.
(CNN) — Millions of Americans with unpaid medical bills would no longer have that debt show up on credit reports under proposals being considered by the
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Credit scores of millions could be improved by Biden plan | Since Then
