Credit: Vitalii Vodolazskyi-stock.adobe.comCFPB Finalizes Rule Removing Medical Debt From Credit Reports
The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.
January 07, 2025 at 04:40 PM
3 minute read
Medical bills will no longer be included in credit reports or be used to determine loan eligibility under a Consumer Financial Protection Bureau rule finalized Tuesday.
The agency estimated the rule, which amends Regulation V implementing the Fair Credit Reporting Act, will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.
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