CFPB Rule Boosts Credit Scores by Excluding Medical Debt
The CFPB's new rule bans lenders from using unpaid medical bills in loan evaluations, potentially raising credit scores by 20 points for millions. Discover more.
Topic
Loans
A collection of 4 issues
Unpaid Medical Bills Removed from Credit Reports
The removal of unpaid medical bills from credit reports may boost access to mortgages, car loans, and small business loans. Discover the potential impact now.
Banking Trade Groups Warn Loan Ban May Reduce Lending
Trade groups like the American Bankers Association express concerns over a loan ban potentially decreasing available loans. Discover the potential impacts on finance.
Outstanding Loans Rise by 1.2% Despite High Rates in November
Despite high interest rates, outstanding loans increased by 1.2% in November, highlighting a surprising growth in credit demand.