The Biden administration has unveiled new proposals to remove medical bills from credit reports. White House officials on Thursday said they are pursuing the effort to lessen Americans’
medical debt burden as millions of people contend with the higher cost of living and historic inflation. Medical debt has lowered people’s credit scores, which affects their ability to buy a
home, get a mortgage or own a small business, Vice President Kamala Harris said in a call with reporters announcing the initiative. If the rule is finalized, consumer credit companies would be
barred from including medical debt and collection information on reports that creditors use to make underwriting decisions.
Medical bills
