Reported about 22 hours ago
The Consumer Financial Protection Bureau (CFPB) has announced a new rule that will prevent unpaid medical bills from being factored into credit reports, enhancing the credit scores of millions in the U.S. An estimated 15 million Americans will benefit, potentially increasing their credit scores by an average of 20 points. This change aims to improve access to loans and reduce disparities, as medical debt disproportionately affects people of color. Nonprofits have welcomed this development, highlighting the relief it brings to families burdened by unexpected medical expenses.
Source: YAHOO