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The Independent UK
The Independent UK
National
Ken Sweet

Trump administration moves to overrule state laws protecting credit reports from medical debt

The Trump administration is moving to overrule any state laws that may protect consumers’ credit reports from medical debt and other debt issues.

The Consumer Financial Protection Bureau has drafted what’s known as an interpretative rule related to the Fair Credit Reporting Act, interpreting the law in a way that says the FCRA should preempt any state laws or regulations when it comes to how debt should be reported to the credit bureaus like Experian, Equifax and Trans Union.

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