Removing medical debt from credit reports opens door to economic opportunity: 'It gives me hope'
The change is expected to boost millions of people's credit scores and helping them qualify for home mortgages. It's unclear whether President Donald Trump will reverse the federal rule announced Jan.
New rule removes medical debt from credit reports, offering relief to millions
A groundbreaking rule from the Consumer Financial Protection Bureau will eliminate medical debt from credit reports starting March 17, potentially giving millions a fresh start.
Medical Debt, Overdraft Fee Rules Could Be Delayed by Trump Order
Key Takeaways President Donald Trump's regulatory freeze could affect some of the CFPB's recent actions.In the days before Trump took over, the bureau took a flurry of actions, including finalizing rules banning medical debt from credit scores and restricting overdraft fees to $5.
The effect of removing medical debt from millions of Americans’ credit scores
More than 100 million Americans are burdened with medical bills they can’t pay. In the final weeks of the Biden administration, the Consumer Financial Protection Bureau issued new rules banning credit agencies from including medical debt on credit reports,
New rule bans medical debt from credit reports
Medical debt is a tough burden for people and hurts credit scores, but a new rule is removing that debt form credit reports. FOX 26's Heather Sullivan spoke with Paul Oster with Better Qualified who shares more on the CFPB's new rule banning medical debt from credit reports.
Medical debt will no longer be on credit reports
Medical debt is a growing concern for Americans, and a new federal rule will remove it from credit reports. The Consumer Financial Protection Bureau has approved a federal rule change, prohibiting credit agencies from including medical bills in credit reports.
Medical debt to be wiped from credit reports | What's the Deal?
can cost a fortune 15 million people should see medical debt disappear
CFPB’s Recent Rule Eliminates Medical Debt from Credit Reports
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting agencies from including individuals’ medical debt on consumer credit reports.
What To Do If You’re Struggling With Medical Debt
Over 100 million Americans are saddled with medical debt, but a few initiatives are addressing — or even eliminating — it.
Have Medical Debt? So Does Over Half of America
More than half of Americans have incurred medical debt in the past — including 27% who still have it, according to a new ...
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First Mennonite Church aims to forgive $3.1 million in medical debt
The First Mennonite Church of Champaign-Urbana is on a mission of education and fundraising which could potentially wipe out millions in medical debt.
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Thousands of New Yorkers Will Have Their Medical Debt Wiped Out
Thanks to a city program, about 35,000 working-class New Yorkers will be notified that their medical debt has been relieved ...
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Nervous to Look at Your Medical Bills? 6 Tips to Help You Deal With Them
The hospital bill arrives in the mail, and you’re tempted to throw it away (again) without opening it. After all, you don’t ...
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SOWEGA Rising rep on advocating for SW Georgians at medical debt rountable on Capitol Hill in 2023
SOWEGA Rising Rural Health Consultant discusses sharing stories of Southwest Georgians whose credit and lives are being ...
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Are balance transfers the best way to pay off debt? We looked into it.
As people prepare to pay, News 3 has learned that they are getting targeted ads on social media regarding balance transfers.