Tag Archives: credit reports

The Trump administration is moving to invalidate state laws that protect consumers’ credit reports from medical debt reporting, a major shift that could expose millions of Americans to renewed credit risks tied to healthcare costs. In a draft interpretive rule under the Fair Credit Reporting Act (FCRA), the Consumer Financial …

U.S. consumers burdened by medical debt received significant relief Tuesday as the Biden administration finalized a rule that will remove medical debt from credit reports. Set to take effect in March, the change will erase $49 billion in medical bills, benefiting approximately 15 million Americans. The rule, introduced by the …

Jake Johnson, Common Dreams Rep. Rashida Tlaib on Tuesday introduced legislation that would prohibit the inclusion of medical debt—which impacts more than 100 million people across the U.S.—on credit or consumer reports. “The use of credit reports—which frequently contain errors—is now more than ever a huge barrier to a thriving …