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How Federal Ruling To Wipe Medical Debt From Credit Reports Disproportionately Helps Black People

newsone.com How Federal Ruling To Wipe Medical Debt From Credit Reports Disproportionately Helps Black People

The Consumer Financial Protection Bureau's new rule removing medical debt from credit reports disproportionately helps Black people.

How Federal Ruling To Wipe Medical Debt From Credit Reports Disproportionately Helps Black People
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  • I think it needs to be really clear that this is not actually removing the debt, as in it would no longer have to be repaid, but rather just taking it off of the credit report. The people with the debt are still required to pay the debt.

    Even if one has conservative political viewpoints, I do not think that removing health related information from a credit report should be an issue for anyone. And the debt will still have to be paid off no matter whether it is removed from the report or not, so it is not a government hand out of money.

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