Judge stops Biden rule to remove medical debt from credit reports
CBS America · Just In
CBS America
Just In
In the final days of his presidency, the Biden administration announced a rule to remove medical debt from Americans' credit reports. A federal judge in Texas last week blocked that rule from taking effect.
Breakdown
- Biden administration announced a rule to remove medical debt from credit reports.
- A federal judge in Texas blocked the rule from taking effect. 7s
- The rule would have impacted $49 billion in debt for 15 million people. 11s
- The judge ruled the CFPB overstepped its authority under the Fair Credit Reporting Act. 1m 20s
- People with significant unpaid medical bills may still face barriers to credit and housing. 2m 18s