US EditionTrump administration moves to overrule state laws protecting credit reports from medical debt
The guidance reverses Biden-era protections in 15 states and could affect credit reports of 15 million Americans with medical debt, according to the Consumer Financial Protection Bureau.
- The Trump administration is taking steps to override state laws that protect consumers' credit reports from medical debt and other issues.
- The Consumer Financial Protection Bureau has drafted an interpretative rule stating that the Fair Credit Reporting Act should preempt state laws regarding debt reporting.
- This rule reverses previous Biden-era regulations that allowed states to ban medical debt reporting.
- The CFPB claims that Congress intended for the Fair Credit Reporting Act to create national standards for the credit reporting system.
74 Articles
74 Articles
Trump takes aim at state laws shielding consumer credit scores from medical debt
By Noam N. Levey | KFF Health News The Trump administration took another step Tuesday to weaken protections for Americans with medical debt, issuing new guidance that threatens ongoing state efforts to keep that debt off consumers’ credit reports. More than a dozen states, including Washington, Oregon, California, Colorado, Minnesota, Maryland, New York, and most of New England, have enacted laws in recent years to keep medical debt from affecti…
Trump Administration Targets State Protections on Medical Debt
The Trump administration seeks to override state laws protecting consumers from medical debt, proposing changes to the Fair Credit Reporting Act. While previous regulations allowed states autonomy, the new interpretation aims for uniform national standards, affecting medical debt reporting and potentially impacting consumer credit reports.
Trump Team Takes Aim at State Laws Shielding Consumers' Credit Scores From Medical Debt
The Trump administration took another step Tuesday to weaken protections for Americans with medical debt, issuing new guidance that threatens ongoing state efforts to keep that debt off consumers’ credit reports. More than a dozen states, including Washington, Oregon, California, Colorado, Minnesota, Maryland, New York, and most of New England, have enacted laws in recent years to keep medical debt from affecting consumers’ credit. And more stat…
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