Biden Administration Bars Including Medical Debt In Credit Scores

Biden Administration Bars Medical Debt From Credit Scores - KFF Health News The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration. khnnoaml KFF Health News

The rules ban credit agencies from including medical debts on consumers’ credit reports and prohibit lenders from considering medical information in assessing borrowers.

These rules, which the federal watchdog agency proposed in June, could be reversed after President-elect Donald Trump takes office Jan. 20. But by finalizing the regulations now, the CFPB effectively dared the incoming Trump administration and its Republican allies in Congress to undue rules that are broadly popular and could help millions of people who are burdened by medical debt.

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