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Plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie's federal regulator.
Noozhawk republishes news articles from KFF Health News on national and state health-related issues that impact Santa Barbara County readers. The Biden
Credit agencies Equifax, Experian, and TransUnion said they would stop including some medical debt on credit reports as of last year.
Such an aggressive step to restrict credit reporting and debt collection by hospitals and other medical providers will also almost certainly stir industry opposition.
Enacting new regulations can be a lengthy process. Administration officials said Thursday that the new rules would be developed next […] The post Biden administration to ban medical debt from Americans’ credit scores appeared first on TheGrio.