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0.000361000805309476 -0.000860848074199556 -0.00197161978284407 -0.00230485129543746 -0.0021937741245731 0.0019160811974119 0.0019160811974119 0.0019160811974119
Stock impact report

How removing unpaid medical bills from credit reports could help consumers [Yahoo! Finance Canada]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
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 Show less Read more
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