Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
The Biden administration is finalizing a rule Tuesday that will end the inclusion of medical debt on credit reports and ban lenders from using certain medical information in loan decisions.
The rule will also remove an estimated $49 billion in medical bills from the credit reports of about 15 million people, the Consumer Financial Protection Bureau (CFPB) said in a press release
In response to rent payments soaring across the country in recent years, the Biden administration unveiled new actions Wednesday to protect tenants, make renting more affordable and improve fairness in the rental housing market.
Multiple agencies are expected to take part in improving conditions for renters, taking actions in tandem with a set of principles outlined by the administration focused on renters’ rights.
This blueprint informs further action by the federal government, state and local entities, as well as the private sector, in efforts to strengthen tenant protections and encourage rental affordability.
And it follows some of the most robust federal support for tenants in history, in which the government provided an unprecedented $46 billion in emergency rental funds to struggling tenants impacted by the pandemic.
Source: Biden administration unveils rent protections | CNN Business
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