The White House, Public domain, via Wikimedia Commons The Trump administration is moving to override state laws that protect consumers’ credit reports from medical debt. Under the Biden administration, more than a dozen states, including California, New York, and Colorado, had passed laws to keep medical debt off credit reports, arguing that such debt can make it harder for people to buy a home, get a car, or find a job. The Trump administration contends that federal law should supersede these state-level protections. The Consumer Financial Protection Bureau (CFPB) issued an interpretative rule stating that the federal Fair Credit Reporting Act (FCRA) takes precedence over any state regulations governing how debts are reported to credit bureaus such as Experian, Equifax, and TransUnion. This move…
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