Advocates have long pushed for a rule like this, arguing that medical debt appearing on credit reports is unfair and can put families in dire financial straits, possibly keeping them from getting the ...

President Donald Trump's day-one executive order freezing regulations could affect several rules on consumer finances that ...

On Jan. 7, 2025, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will ban the inclusion of medical debt on credit reports and prohibit lenders from using medical ...

Consumer advocates, by contrast, cheered the new rule. “Any one of us could incur crushing medical debt after a sudden injury or illness," said Patricia Kelmar, health care campaigns director ...

NEW YORK (AP) — Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business ...

Harvard University has hired another law firm to help it navigate a U.S. House investigation into its response to claims of ...

Still, many patients and consumer advocates have pushed for a national ban. The CFPB has estimated that the new credit reporting rule will boost the credit scores of people with medical debt on ...

Medical debt is just an unexpected and unavoidable expense," Christine Hines, the senior policy director for the National Association of Consumer Advocates, told Spectrum News. "That means it ...