Ban credit reports in general. If you aren’t allowed to ban them because of free speech or whatever, then you won’t be able to ban certain components of them by the same logic.

I sure it could have used this after being hit by a negligent driver while I was still a college student, ruining my credit for the next 7+ years when I was just a poor kid trying to rent apartments or buy a car with lower than 8% interest. But I’m glad people will have it going forward even though I did not.

This is the best summary I could come up with:

The Biden administration is moving to ban medical debt from credit reports.

Vice President Kamala Harris said Tuesday that the proposed rule, taken through the Consumer Financial Protection Bureau, would reduce the number of Americans with medical debt listed on their credit reports to zero, down from 46 million in 2020.

In a press call Tuesday, Harris said the move would help improve the financial health and wellbeing of millions of Americans.

The administration calculates that if implemented, the rule would raise affected individuals’ credit scores by an average of 20 points, and could lead to the approval of approximately 22,000 additional mortgages every year as a result of the cleaned-up credit reports.

In a separate release, Harris also called on states, local governments and health care providers to provide further relief by using available federal funds, especially from the American Rescue plan, to purchase and eliminate medical debt, prevent the further accumulation of medical debt and protect patients from aggressive debt collectors by expanding access to charity care.

In a statement, the Consumer Data Industry Association, which represents the major credit bureaus, said it was reviewing the proposal — but that it had already taken measures that had resulted in the removal of nearly 70% of medical collection debt accounts.

The original article contains 376 words, the summary contains 211 words. Saved 44%. I’m a bot and I’m open source!