One thing to give Biden credit for.

in consumer •  2 days ago 

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Biden's done a lot of things like this and doesn't get any credit for them.

The Consumer Financial Protection Bureau has emerged as one of the best things to come from the Great Recession. Shame that Trump is almost certainly going to get rid of it.

"Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration.

The Consumer Financial Protection Bureau rule will remove $49 billion in medical debt from the credit reports of more than 15 million Americans, according to the bureau, which means lenders will no longer be able to take that into consideration when deciding to issue a loan."

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