How removing unpaid medical bills from credit reports could help consumers [Yahoo! Finance Canada]
TransUnion (TRU)
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Source: Yahoo! Finance Canada
Consumer Financial Protection Bureau finalized Tuesday. Removing medical debts from consumer credit reports is expected to increase the credit scores of millions of families by an average of 20 points, the bureau said. The CFPB says its research showed that outstanding health care claims are a poor predictor of someone's ability to repay a loan yet often are used to deny mortgage applications The three national credit reporting agencies — Experian, Equifax and TransUnion — said last year that they were removing medical collections under $500 from U.S. consumer credit reports. The government agency's new rule goes further by banning all outstanding medical bills from appearing on credit reports and prohibiting lenders from using the information. The rule is set to take effect 60 days after publication in the Federal Register, although President-elect Donald Trump has proposed sweeping changes and limits to the CFPB's regulatory reach. Here's what to know: How many people wil
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TRU
News
- InnovationRx: Medical Debts Will Be Erased From Credit Histories [Forbes]Forbes
- Medical debt will be removed from credit reports: What this means for Americans [FOX Business Network]FOX Business Network
- My Credit Score Went Up 130 Points in 5 Years. Here's How I Did It [CNET News]CNET News
- Nearly half of credit card users are carrying debt — it may take months, or years, to pay off [CNBC]CNBC
- New TransUnion Research Reveals Seven in 10 Marketing Leaders Struggle to Connect with Audiences Due to Complex Network of Martech Solutions and Identity ChallengesGlobeNewswire
TRU
Earnings
- 10/23/24 - Beat
TRU
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form SCHEDULE
- 1/2/25 - Form 144
- TRU's page on the SEC website