Biden Admin Proposes Banning Medical Debt From Credit Reports
The change could help consumers who have medical debt but want to get auto loans and mortgages.
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The change could help consumers who have medical debt but want to get auto loans and mortgages.
(CNN) — In its latest effort to minimize the impact of medical debt on consumers, the Biden administration proposed Tuesday banning such debt from credit reports.
The Biden administration is pushing to prevent medical debt from being considered in most decisions made over whether someone qualifies to rent an apartment, buy a car or take on a mortgage.
The Consumer Financial Protection Bureau has proposed to eliminate medical bills from credit reports in an effort to address the burden of such debt on millions of Americans.
The Biden administration is pushing to prevent medical debt from being considered in most decisions made over whether someone qualifies to rent an apartment, buy a car or take on a mortgage.