Trump's Plan to Affect Credit Scores
Trump's Consumer Financial Protection Bureau aims to prevent states from removing medical debt from credit reports.
The Trump administration will issue guidance that federal law takes precedence over state laws limiting medical debt on credit reports.
- Over 90% of Americans have health insurance.
- Medical debt in the US has risen to an estimated $220 billion.
- Around 100 million Americans are impacted by medical debt.
The move could exacerbate the crippling effects of skyrocketing medical costs.
Author's summary: Trump's administration stops states from removing medical debt from credit reports.
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