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 issued new guidance threatening state laws that protect consumers from medical debt on credit reports, according to the Consumer Financial Protection Bureau , which argues that federal law trumps state laws in this area.
- More than a dozen states, including California, have laws to protect consumers from medical debt affecting credit reports, but many states are considering similar actions, driven by concerns that medical debt hampers access to housing and jobs.
- The guidance from the CFPB indicates that only the federal government can regulate medical debt on credit reports, reversing protections previously considered under the Biden administration.
- Advocates warn that the new guidance could harm state efforts to protect consumers, as Elisabeth Benjamin described it as 'a crueler regulatory interpretation.
78 Articles
78 Articles
Trump Administration Move Could Put Medical Debt Back On US Credit Reports, Experts Warn Of 'Chilling Effect'
The Trump administration has issued a new guidance that could undermine ongoing state efforts to keep medical debt off consumers' credit reports, reversing previous credit protections.
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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