Vought Reverses Biden Policy Excluding Medical Debt from Credit Reports

" ... more states — including several in conservative regions of the Midwest and Mountain West — have been considering similar protections, spurred by bipartisan concerns that medical debt on a credit report can make it harder for people to get a home, a car, or a job.

Nationwide, about 100 million people have some form of health care debt, with millions burdened by $10,000 or more in unpaid bills.

But in the new guidance, the Consumer Financial Protection Bureau asserts that federal law bars states from restricting medical debts from credit reports, arguing that only the federal government has this authority.

“Congress meant to occupy the field of consumer reporting and displace state laws,” the bureau concluded in an “interpretive rule” signed by Russell Vought, the White House budget director and acting head of the CFPB." 

https://kffhealthnews.org/news/article/medical-debt-trump-consumer-financial-protection-bureau-reverses-credit-protections/?utm_campaign=KFF-This-Week&utm_medium=email&_hsenc=p2ANqtz--FGcqYxnMtyPQUUqQGEGM-C9pSRr_ogx93SuYdNXKmC6bUiIQ5MLJzXkzKHWkEONB7Zyxsge9G6j2G6ROHuTIaGQGQ8Q&_hsmi=387806171&utm_content=387806171&utm_source=hs_email