New rule erases medical debt from credit reports; Lincoln banker says it could backfire

Jan 07, 2025

LINCOLN, Neb. (KLKN) – The Consumer Financial Protection Bureau decided Tuesday to remove medical debt from credit reports. That will blot out an estimated $49 billion in unpaid medical bills from about 15 million Americans’ credit reports. The bureau says borrowers’ credit scores could see an average increase of 20 points. Steven on the Now Local News App said the...