Biden administration bans unpaid medical bills from appearing on credit reports
- Unpaid medical bills will no longer appear on credit reports, according to a final rule announced on Tuesday by the Biden Administration.
- The Consumer Financial Protection Bureau rule will remove US$49 billion in medical debt from the credit reports of more than 15 million Americans.
- The change is estimated to raise credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the Bureau.
- Vice President Kamala Harris said in a statement announcing the rule that it would be 'life-changing' for millions of families.
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Total News Sources0
Leaning Left47Leaning Right37Center115Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
57% Center
L 24%
C 57%
R 19%
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