Biden administration proposes removing medical debt from credit reports to improve economic opportunities for millions

The Consumer Financial Protection Bureau is starting the rulemaking process to remove medical debt from credit reports.
The change aims to improve credit scores for millions and make obtaining loans easier.
Medical debt is problematic in credit reports due to common billing mistakes and lack of predictive value.
The rules would also limit creditors' use of medical debt in lending decisions and curb coercive collection tactics.
The administration says the move will help families recover financially from medical issues.