Kamala Harris Announces Ban on Medical Debt From Appearing on Credit Reports
News Source : Time
News Summary
- The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans
- The change is estimated to raise the credit scores by an average of 20 points
- Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions of families
Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden a [+1419 chars]
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