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The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients’ credit scores.
The regulations, if enacted, would potentially help tens of millions of people who have medical debt on their credit reports.
The administration announced a new initiative that would potentially help tens of millions of people by eliminating information that can depress consumers’ scores as a result of medical debt.
The White House said the Consumer Financial Protection Bureau will develop new regulations that would prevent unpaid medical bills from being counted on credit reports.
The White House said the Consumer Financial Protection Bureau will develop new regulations that would prevent unpaid medical bills from being counted on credit reports.