Vice President Kamala Harris announced a new regulation by the Consumer Financial Protection Bureau (CFPB) to remove medical debt from all consumer credit reports. “No one should be denied economic opportunity because they got sick or experienced a medical emergency,

The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages being approved every year, according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions of families.

Vice President Harris announced a final ruling by the Consumer Financial Protection Bureau to remove $49 billion in unpaid medical debt from consumer credit reports.

The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

Vice President Kamala Harris on Tuesday announced a ruling from a federal ... announced the final rule by the Consumer Financial Protection Bureau. “No one should be denied economic opportunity because they got sick or experienced a medical emergency ...

Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn’t ruin Americans’ finances.

The Consumer Financial Protection Bureau finalized a rule on Tuesday that will bar medical debt from being included in credit scores. Medical debt impacts people’s ability to qualify for home mortgages, car loans, and even renting. The rule will go into effect 60 days after it has been published in the Federal Registrar, which has not happened yet.

The Biden administration announced Tuesday it will be banning unpaid medical bills from appearing on credit reports. Vice President Kamala

Kamal Harris announced that a new rule will remove medical debt from all Americans' credit reports, improving their chances of being approved for a car, home, or small-business loan.

Unpaid medical debt is the largest source of debt in the United States, but it will no longer appear on credit reports, allowing 15 million Americans to obtain loans easier. Medical debt will no longer appear on credit reports due to a new rule finalized by the Consumer Financial Protection Bureau.

In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer credit reports. The rule would erase an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans,

The Consumer Financial Protection Bureau rule ... according to the bureau. Vice President Kamala Harris said in a statement announcing the rule that it would be “lifechanging” for millions ...