Consumer Financial Protection Bureau says change will strike $49bn in medical debt from credit reports.

Author: Unknown
Published on: 08/01/2025 | 00:00:00

AI Summary:
Consumers in the United States will no longer have medical debt appear on their credit reports. Under the change, an estimated $49bn in medical debt will be struck from the credit reports of more than 15 million Americans. The consumer watchdog said its research showed that medical debt is a poor predictor of whether a loan will be repaid.

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