Medical plan cards are seen in Portland, Ore. A federal judge this past week overturned a Consumer Financial Protection Bureau rule that would have removed medical bills from credit reports and prevented lenders from making decisions based on that medical information. Jenny Kane/AP hide caption toggle caption Jenny Kane/AP A federal judge has ruled that medical debt can remain on …
Read More »NEW YORK (AP) — A federal judge in Texas removed a Biden-era finalized ruled by the Consumer Financial Protection Bureau that would have removed medical debt from credit reports. U.S. District Court Judge Sean Jordan of Texas’s Eastern District, who was appointed by Trump, found on Friday that the rule exceeded the CFPB ‘s authority. Jordan said that the CFPB …
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The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according to Jared Bernstein, who previously served as the chair of President Joe Biden’s Council of Economic Advisers. In a New York Times op-ed on Wednesday, he acknowledged that he was once a longtime dove when it …
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