Industry groups sue to stop Biden from banning medical debt on credit reports
- The Biden Administration has implemented a ban on medical debt appearing on credit reports, which could benefit about 15 million consumers by removing an estimated $49 billion in medical bills from their reports.
- Two industry groups have filed lawsuits against the ban, arguing that it violates the Fair Credit Reporting Act and that the Consumer Financial Protection Bureau lacks authority to issue such a rule.
- House Republican lawmaker French Hill criticized the Bureau's director for the final rule, stating that it could harm consumers' access to healthcare and lead to higher costs.
- The American Medical Association supports the ban, emphasizing that individuals should not face economic consequences for medical events beyond their control.
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Total News Sources0
Leaning Left3Leaning Right1Center32Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
C 89%
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