Tag: medical debt
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VP Harris: Remove Medical Debt from Credit Reports
By Stacy M. Brown NNPA Newswire Sr Natl Correspondent Vice President Kamala Harris has announced a new Consumer Financial Protection Bureau (CFPB) rule to eliminate medical debt from consumer credit reports. The White House explained in a release that the action would remove $49 billion in unpaid medical bills, benefiting 15 million Americans by raising credit scores ... -
$88B Medical Debt Burdens Millions of Consumers
New law takes effect to end “surprise” medical bills By Charlene Crowell A new report from the Consumer Financial Protection Bureau (CFPB) finds that the nation’s healthcare system is supported by an infrastructure of billing, payments, collections, and credit reporting that is fraught with commonplace mistakes. At the same time, patients encounter difficulty in getting ... -
Medical Debt: The Other Part of Pandemic Fallout
By Stacy M. Brown NNPA Newswire Sr Nat’l Correspondent For Walter Coleman, an independent contractor in Washington, D.C., Samantha Robles, a hairstylist in Bethesda, Maryland, and Robin Pruitt, a loan officer who also lives in Bethesda, the coronavirus pandemic not only resulted in close calls, but the financial fallout may lead to bankruptcy. Each says ...