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New Consumer Financial Protection Bureau Rule Wipes Medical Debt from Credit Reports

HeadlineJan 08, 2025

The Biden administration has approved new rules that would wipe out an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million people. The rules were finalized Tuesday by the Consumer Financial Protection Bureau — an agency that billionaire Trump megadonor Elon Musk has said he hopes to “delete” after Trump installs him as co-leader of the new “Department of Government Efficiency,” or DOGE.

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