White House announcing rules to cut medical debt from credit reports

White House announcing rules to cut medical debt from credit reports


The White House is set to announce rules that would stop medical debt from being used in credit reports, an election-year effort to provide relief to households in distress.

The rules would be helpful to consumers who have medical debt but want to get auto loans, mortgages, or other credit products. The plan will be announced on Tuesday by Consumer Financial Protection Bureau Director Rohit Chopra and Vice President Kamala Harris, according to the Washington Post.

The White House has prioritized consumer protections, and President Joe Biden will undoubtedly tout the latest move on the campaign trail as a way of making the lives of voters, shackled by inflation and high interest rates, more palatable. Medical debt disproportionally affects low-income voters.

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