Biden administration proposes banning medical debt from credit reports
Headline from WMUR
The move would remove medical debt from the credit reports of more than 15 million Americans, which would raise their credit scores by an average of 20 points, according to an administration fact sheet.
WMUR's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Biden administration is pushing to prevent medical debt from being considered in most decisions made over whether someone qualifies to rent an apartment, buy a car or take on a mortgage.
The move would remove medical debt from the credit reports of more than 15 million Americans, which would raise their credit scores by an average of 20 points, according to an administration fact sheet.
The Biden administration will propose a new rule to ban credit score companies from considering medical debt when they compile Americans' credit reports.
The Consumer Financial Protection Bureau released proposed federal regulations that would prevent unpaid medical bills from being counted on consumers’ credit reports.
The White House is set to announce rules that would stop medical debt from being used in credit reports, a move that comes in a pivotal election year for Biden.
The administration further called on states to expand efforts to restrict debt collection by hospitals and to make hospitals provide more charity care to low-income patients
