The U.S. Consumer Financial Protection Bureau finalizes rule banning inclusion of medical debt on credit reports
Americans’ unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans, or small business loans, according to a final rule announced by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, which means lenders will no longer be able to take that into consideration when deciding to issue a loan. The change is estimated to raise the credit scores by an average of 20 points.









