New Biden Administration Rule Removes Medical Bills From Credit Reports Used By Lenders
The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of Americans.
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Medical debt banned from appearing on credit reports in new Biden administration rule
Unpaid medical bills will no longer appear on consumer credit reports, which can result in people being blocked mortgages and car loans. Here's what to know about the newly-announced rule.
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CFPB finalizes rule barring medical debt from credit reports
The finalized rule will prevent medical bills from being included on credit reports used by lenders and will prohibit lenders from using medical information in their decision-making.