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Black Americans hit hard as medical debt rule tossed - Nashville PRIDE, Inc.
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23 Articles
Chicago Tribune
Independent EspañolBy ADRIANA MORGA and CORA LEWIS NEW YORK (AP) — A federal judge in Texas has struck down a rule the Consumer Financial Protection Bureau agreed to during the Biden administration that would have removed medical debt from credit reports. U.S. District Court Judge Sean Jordan, an appointee of President Donald Trump, recently ruled that the rule exceeded the CFPB’s authority.
Telemundo Area de la Bahía 48
A federal judge in Texas overturned a rule that the Office for Consumer Financial Protection agreed during the government of former U.S. President Joe Biden, which would have eliminated the medical debt from credit reports. Sean Jordan, a judge of the Federal District Court in the East District of Texas—who was appointed by President Donald Trump—recently determined that the rule exceeded the authority of the CFPB. Jordan indicated that the CFPB…
Mitigating the Effects of Medical Debt on Credit Scores
Medical debt has quietly become one of the most damaging forces affecting American credit scores, yet it operates by completely different rules than traditional debt. While you might pay your credit cards and loans on time religiously, a single medical bill that gets lost in insurance processing can tank your credit score months later. With medical billing complaints surging 31% recently, millions of consumers are discovering that their creditwo…
Black Americans hit hard as medical debt rule tossed - Nashville PRIDE, Inc.
A federal judge has blocked a CFPB rule that would remove medical debt from credit reports—impacting 15 million Americans and deepening racial and economic inequality. The post Black Americans hit hard as medical debt rule tossed appeared first on Nashville PRIDE, Inc..
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