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politics @lemmy.worldEnglish · 5 months ago

In sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year.

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In sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year.

silence7@slrpnk.net to

politics @lemmy.worldEnglish · 5 months ago

cross-posted to:
[email protected]

In sweeping change, Biden administration to ban medical debt from credit reports

The rule could go into effect sometime next year, CFPB Director Rohit Chopra told ABC News in an exclusive interview ahead of the policy announcement.

For context, the poor credit ratings which go with medical debt are concentrated in the south, where states have limited the reach of medical safety-net programs.:

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5 months ago
This doesn’t stop collection activities. It only stops that from showing up on credit reports.

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