The Biden administration is taking steps to prevent medical debt from impacting decisions related to housing, vehicle purchases, and mortgages. The Consumer Financial Protection Bureau (CFPB) announced a proposed rule that would eliminate medical bills from credit reports and prohibit lenders from using medical information in their assessments.
The rule would also safeguard medical devices like wheelchairs from repossession in cases where individuals are unable to repay loans. Vice President Kamala Harris emphasized the importance of ensuring that individuals are not denied economic opportunities due to medical emergencies.
