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Legislative committee endorses ban on medical debt reporting to credit scoring agencies

Summary by siouxfallslive.com
Debt collectors would be prohibited from reporting medical debts to credit scoring agencies under legislation endorsed by a legislative committee Tuesday at the South Dakota Capitol in Pierre. About 18% of South Dakota adults have medical debt, which is the highest percentage in the nation and twice the national average, according to the national health advocacy group KFF. Health care systems send overdue medical bills to debt collectors, which …
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New medical debt rule already is just about null and void

The future is shaky at best for a new rule preventing medical debt from appearing on consumer credit reports. The Biden administration’s leadership at the Consumer Financial Protection Bureau (CFPB) published the regulations in mid-January, with an effective date of March 17. But the Trump administration pushed back the effective date back by 90 days, to June 15, in order to conduct a review of CFPB regulations. In addition, the new leadership a…

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siouxfallslive.comsiouxfallslive.com

Legislative committee endorses ban on medical debt reporting to credit scoring agencies

Debt collectors would be prohibited from reporting medical debts to credit scoring agencies under legislation endorsed by a legislative committee Tuesday at the South Dakota Capitol in Pierre. About 18% of South Dakota adults have medical debt, which is the highest percentage in the nation and twice the national average, according to the national health advocacy group KFF. Health care systems send overdue medical bills to debt collectors, which …

·Worthington, United States
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siouxfallslive.com broke the news in Worthington, United States on Tuesday, February 11, 2025.
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