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Showing posts from January, 2025

(Long read) Biden-Harris Administration to set to erase medical debit from credit reports

  FOR IMMEDIATE RELEASE January 7, 2025 FACT SHEET: Vice President Harris Announces Final Rule Removing Medical Debt from All Credit Reports   Today’s final rule will remove $49 billion in unpaid medical bills from the credit reports of 15 million Americans. In addition, the Vice President is announcing that States and Localities have already Eliminated Over $1 Billion in Medical Debt Thanks to Biden-Harris Administration Support   Today, Vice President Harris announced a final rule by the Consumer Financial Protection Bureau to remove medical debt from consumer credit reports. This rule will reduce the burden of medical debt and ensure that patients are not denied access to credit for home mortgages, car loans, or small business loans due to unpaid medical bills.   Further, Vice President Harris announced that states and localities have leveraged American Rescue Plan (ARP) funds to support the elimination of over $1 billion in medical debt for more than 700,000 Amer...