Biden Administration Rule Would Wipe Medical Debt From Credit Reports, Boost Credit Scores [Forbes]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Forbes
The Biden Administration has proposed a rule that would ban medical debt from credit reports, a move that could help Americans boost their credit scores. Vice President Kamala Harris and Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra unveiled the proposal on Tuesday, June 11. The change would prevent lenders from considering medical information when making credit decisions. Harris said the rule, which has been planned since September and would also cover existing medical debt and dental debt, could be implemented as soon as next year. In addition, the move aims to stop debt collectors from pressuring consumers to pay inaccurate or false medical bills. “The CFPB is seeking to end the senseless practice of weaponizing the credit reporting system to coerce patients into paying medical bills that they do not owe,” said CFPB Director Rohit Chopra in a statement. How Will the Rule Help Consumers with Medical Debt? The proposal would assist consumers with medi
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News
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- TransUnion Announces Earnings Release Date for Second Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- TransUnion Announces Earnings Release Date for Second Quarter 2024 ResultsGlobeNewswire
- Credit Karma App Review 2024 [Forbes]Forbes
TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 6/24/24 - Form 4
- 6/21/24 - Form 144
- 6/17/24 - Form 4
- TRU's page on the SEC website