US EditionBiden administration bans unpaid medical bills from appearing on credit reports
- The Biden administration has finalized a rule banning unpaid medical bills from appearing on credit reports, impacting lending decisions in the U.S. For various loans according to the Consumer Financial Protection Bureau.
- This new rule is expected to remove $49 billion in medical debt from 15 million Americans' credit reports, potentially raising their credit scores by an average of 20 points.
- The rule aims to provide increased access to loans, leading to approximately 22,000 additional mortgage approvals each year, as stated by Vice President Kamala Harris.
- Carrie Joy Grimes, founder of WorkMoney, described the decision as 'great news for everyday Americans,' emphasizing that medical debt does not reflect poor financial responsibility.
Insights by Ground AI
Does this summary seem wrong?
338 Articles
338 Articles
All
Left
47
Center
117
Right
37
How Biden Saved About A Million Immigrants From Deportation Before Leaving
In a move that could potentially delay President-elect Donald Trump's plans to crack down on immigration, the Biden administration has extended Temporary Protected Status (TPS) for over 900,000 immigrants from Venezuela, El Salvador, Ukraine, and Sudan. This decision, announced just days before Trump's inauguration, grants these individuals a deportation reprieve and access to work permits for an additional 18 months. The move is seen as a strat…
·New Delhi, India
Read Full Article
Coverage Details
Total News Sources338
Leaning Left47Leaning Right37Center117Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 23%
C 58%
R 18%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
