The #Biden admin will announce rules to block #MedicalDebt from being used to evaluate #borrowers’ fitness for #mortgages & other types of #loans.
…The WH has repeatedly focused on the issue of #medical #debt, saying it disproportionately harms low-income Americans & communities of color.
“This is going to be an enormous relief for so many people battling #bills when it comes to medical visits,” CPFB dir Rohit Chopra said….
#equity #economy #finance #BidenHarris2024
https://www.washingtonpost.com/health/2024/06/11/biden-cfpb-medical-debt/
medicaldebt
#Trump has fired the director of the #Consumer #Financial #Protection Bureau, #RohitChopra, in the latest #purge of a #Biden admin ofcl.
Chopra was one of the more important #regulators from the previous admin. Chopra’s tenure saw the removal of #MedicalDebt from #CreditReports & limits on #overdrafts #penalties, all based on the premise that the financial system could be fairer & more competitive in ways that helped #consumers.
#TrumpCoup2 #GovernmentOverthrow #law
https://apnews.com/article/trump-chopra-consumer-financial-protection-bureau-47b6b39d0eff05ea0c9bca4eacf55b79