US bans medical debt from credit reports as Biden nears exit
US bans medical debt from credit reports as Biden nears exit
www.aljazeera.com US bans medical debt from credit reports as Biden nears exit
Consumer Financial Protection Bureau says change will strike $49bn in medical debt from credit reports.
Author: Unknown
Published on: 08/01/2025 | 00:00:00
AI Summary:
Consumers in the United States will no longer have medical debt appear on their credit reports. Under the change, an estimated $49bn in medical debt will be struck from the credit reports of more than 15 million Americans. The consumer watchdog said its research showed that medical debt is a poor predictor of whether a loan will be repaid.
Original: 292 words
Summary: 62 words
Percent reduction: 78.77%
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