welcome
Fox Business

Fox Business

Business

Business & Economics

Harris announces ruling removing billions in medical debt from credit reports

Fox Business
Summary
Nutrition label

81% Informative

Vice President Kamala Harris announced Tuesday that Americans will no longer be penalized for medical debt on credit reports.

The final ruling by the Consumer Financial Protection Bureau will remove $49 billion in unpaid medical bills from the credit reports of 15 million Americans .

The CFPB ruling is expected to raise the credit scores of those affected by an estimated average of 20 points.