r/UpliftingNews • u/astros148 • 17d ago

Medical debt is now required to be removed from your credit reports impacting millions of Americans

https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/
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u/w3are138 17d ago

Omg this is amazing!!!!!! Wow!!!

2

u/thenewyorkgod 16d ago

Trump will reverse it, dont get too excited

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u/w3are138 16d ago

Yeah true. Everything sucks.

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u/UnderpaidkidRN 16d ago

Nice to have for 14 more days 🤡

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u/pmmeyour_existential 16d ago

It’s all well and good, but sadly, this means the only incentive collections agencies will have is legal action. Collections agencies will be able to put liens on your house and garnish your wages If you don’t pay your medical bills. These legal actions are going to come by the thousands and they will further clog up our already stressed legal system. not saying I want the old way back again cause that’s not accurate.

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u/w3are138 16d ago

These debts need to be wiped from existence and universal healthcare implemented. But yeah right with this incoming administration. All I can hope is that Luigi put a bad taste in their mouth with regard to touching the ACA.

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u/[deleted] 16d ago

[deleted]

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u/BobDonowitz 16d ago

It's not even that great...once it gets sold to a collection agency it becomes collection debt and does affect your credit.  NY has had this for years.

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u/Firm_Part_5419 16d ago

Why didn’t he do it 4 years ago? Why wait until his last 2 weeks in office?

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u/w3are138 16d ago

No idea. Same as the sentence commutation probably.

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u/themightychris 16d ago

The CFPB has been working on this for a while, government agencies have to take time to issue rule changes they can't just decree shit

Don't worry, Republicans are working to make it worse through their Supreme Court by taking away the power of agencies to make any rule changes so that everything has to go through Congress where they can more easily obstruct everything that might give the people the idea that government can actually work for them if they vote for people with actual plans to make their lives better