The Biden Administration put in the regulation to ban medical debt on credit reports, but the regulation is not popular with Republicans & the banking industry.
GREENSBORO, N.C. — All work at the Consumer Financial Protection Bureau is on pause right now and several leaders have already been fired or replaced while the Trump Administration looks at trimming down government agencies.
The worry is that a new regulation that prevents medical debt from being included on your credit report will disappear before it can go into effect in March, leaving folks with the debt but no help with future financial access.
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