This New Rule Could Change the Lives of 15 Million Americans

EXPLAINEDThis new rule from the CFPB could impact 15 Million Americans in a BIG way! Yasmin Khan and John Iadarola discuss on The Young Turks. SUBSCRIBE today☞

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"The Consumer Financial Protection Bureau announced Tuesday that it's giving millions of Americans a fresh start by removing medical debt from their credit reports.

The agency says that some 15 million Americans will have an estimated $49 million in medical bills removed from their credit reports.

The new CFPB rule bars credit agencies from including medical debt on credit reports and prohibits lenders from using medical information against borrowers seeking loans. This goes further than a previous agreement last year, when the three major credit agencies agreed to take certain kinds of medical debts off credit reports, including those under $500."*

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