Reported 7 months ago
The Biden administration aims to exclude medical bills from credit reports and block lenders from using medical information to make decisions, such as for loans or repossessions of medical devices, with a proposed rule by the Consumer Financial Protection Bureau. Vice President Kamala Harris emphasized the importance of not denying economic opportunities due to medical emergencies. Despite credit agencies removing some medical debt, millions still face billions in outstanding medical bills, prompting the need for the proposed rule. Feedback on the rule is open until August 12.
Source: YAHOO