credit reports
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Medical Debt Will Now Show On Credit Reports After Trump-Appointed Judge Strikes Down Biden-Era Rule
In a major legal setback for the Biden administration’s consumer protection efforts, a Trump-appointed federal judge has overturned a Consumer Financial Protection Bureau (CFPB) rule that would have eliminated medical debt from consumer credit reports—a move that could have raised credit scores for millions of Americans. U.S. District Judge Sean D. Jordan, who presides over…
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In a groundbreaking announcement on Tuesday, Jan. 07, 2025, Vice President Kamala Harris unveiled the Consumer Financial Protection Bureau’s (CFPB) finalized rule to ban medical debt from consumer credit reports. This transformative measure is set to impact more than 15 million Americans, potentially raising credit scores by an average of 20 points and broadening access…
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