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Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, Cfpb Says About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer Financial Protection Bureau. The CFPB has finalized a landmark rule that removes $49 billion in medical debt from credit reports, the bureau said in a news release on Tuesday, Jan. 7. The regulation also prohibits lenders from using medical information in lending decisions when evaluating loan applications. The rule is expected to raise credit scores by an average of 20 points and enable the approval of 22,000 additional mortgages annually. "People …

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by Chris Spiker
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'Help Is Here' White House Tour Begins This Week In NJ, PA 'Help Is Here' White House Tour Begins This Week In NJ, PA
'Help Is Here' White House Tour Begins This Week In NJ, PA President Joe Biden and Vice President Kamala Harris begin a "Help is Here" tour of the United States this week, beginning in New Jersey and Pennsylvania. Biden's wife and Harris' husband will be making some of the local visits aimed at explaining and promoting the newly-signed $1.9 trillion federal stimulus package. First Lady Jill Biden, a native of Hammonton, will be in Burlington, New Jersey, on Monday and President Biden plans a stop in Delaware County, Pennsylvania, on Tuesday.  The president was born in Scranton, and his wife grew up in South Jersey. "They’re eager to get out …

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by Jon Craig