FACT SHEET: Vice President Harris Announces Final Rule …
Jan 7, 2025 · Today, Vice President Harris announced a final rule by the Consumer Financial Protection Bureau to remove medical debt from consumer credit reports. This rule will reduce the burden of...
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports
Jan 7, 2025 · WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans. The CFPB’s action will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in …
Harris announces billions in unpaid medical debt removed from …
Jan 7, 2025 · Vice President Kamala Harris announced Tuesday that Americans will no longer be penalized for medical debt on credit reports. The final ruling by the Consumer Financial Protection Bureau will...
Biden administration bans unpaid medical bills from appearing on …
Jan 7, 2025 · The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau, which means lenders will no longer be able to take that into consideration when deciding to issue a loan.
FACT SHEET: Biden- Harris Administration Announces New …
Oct 1, 2024 · Today, Vice President Harris announced a series of actions by the Consumer Financial Protection Bureau (CFPB), Department of Defense (DOD), and Department of Health and Human Service (HHS) to increase pathways for medical debt relief, to address illegal actions by third-party debt collectors, and to improve our understanding of the impacts of ...
FACT SHEET: Vice President Harris Announces Proposal to Prohibit ...
Jun 11, 2024 · American Rescue Plan funds are being used to eliminate an estimated $7 billion in medical debt for up to nearly 3 million of Americans; the Consumer Financial Protection Bureau’s (CFPB)...
Prepared Remarks of CFPB Director Rohit Chopra on Medical Debt …
Sep 21, 2023 · The Consumer Financial Protection Bureau is launching a rulemaking to block medical debt collectors from weaponizing the credit reporting system to coerce patients into paying bills they may not even owe.
White House aiming to scrub medical debt from people's credit …
Sep 21, 2023 · WASHINGTON (AP) — Vice President Kamala Harris said Thursday that the Biden administration is taking the first steps toward removing medical bills from people’s credit scores, which could improve ratings for millions of people.
Harris unveils rule to erase $49B in medical debt from credit reports
Jan 9, 2025 · Vice President Kamala Harris has announced a new Consumer Financial Protection Bureau rule to eliminate medical debt from consumer credit reports. The White House explained in a release that the action would remove $49 billion in unpaid medical bills, benefiting 15 million Americans by raising credit scores and improving access to …
In sweeping change, Biden administration to ban medical debt …
Jun 11, 2024 · The rule, announced by Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra, comes as President Joe Biden beefs up his efforts to persuade Americans his administration is lowering costs, a chief concern for voters in the upcoming election.