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WEKU
WEKU
Health
Noam Levey

Medical debt could soon be barred from ruining your credit score

Rohit Chopra is director of the Consumer Financial Protection Bureau, the part of the government that is proposing the new rules. (Michael A. McCoy/Getty Images)

The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients' credit scores.

The regulations, if enacted, would potentially help tens of millions of people who have medical debt on their credit reports, eliminating information that can depress consumers' scores and make it harder for many to get a job, rent an apartment, or secure a car loan.

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