Vice President Kamala Harris announced a new regulation by the Consumer Financial Protection Bureau (CFPB) to remove medical debt from all consumer credit reports. “No one should be denied economic opportunity because they got sick or experienced a medical emergency,

The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions of families.

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

Vice President Kamala Harris has announced a new CFPB rule to eliminate medical debt from consumer credit reports to remove $49 billion in unpaid bills.

The Consumer Financial Protection Bureau finalized a rule on Tuesday that will bar medical debt from being included in credit scores. Medical debt impacts people’s ability to qualify for home mortgages, car loans, and even renting. The rule will go into effect 60 days after it has been published in the Federal Registrar, which has not happened yet.

Vice President Kamala Harris on Tuesday announced a ruling from a federal ... announced the final rule by the Consumer Financial Protection Bureau. “No one should be denied economic opportunity because they got sick or experienced a medical emergency ...

Kamala Harris has championed the cause of helping people ... according to research by the Consumer Financial Protection Bureau. In total, they owe about $49 billion, according to the federal agency. But just how much these people will benefit from the ...

The Biden administration announced Tuesday it will be banning unpaid medical bills from appearing on credit reports. Vice President Kamala

Gov. Josh Shapiro in his 2024 budget address proposed a medical debt relief program to forgive $400 million in debt owed by Pennsylvania residents. The legislation was unsuccessful last year, but Shapiro said he was pleased to see the federal government taking action and that he would revive his plan.

In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer credit reports. The rule would erase an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans,

Vice President Kamala Harris on Tuesday announced a ruling ... announced the final rule by the Consumer Financial Protection Bureau. “No one should be denied economic opportunity because they ...

The Consumer Financial Protection Bureau rule ... according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions ...