Biden administration to ban medical debt from credit reports

Here & Now Anytime

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4.6 • 911 Ratings

🗓️ 7 January 2025

⏱️ 27 minutes

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Summary

A new rule finalized by the federal Consumer Financial Protection Bureau would remove close to $50 billion in medical debt from millions of Americans' medical bills. CFPB director Rohit Chopra explains. And, Minneapolis signed off on a federal agreement to reform the city's police department following the 2020 murder of George Floyd. Rachel Marshall of the John Jay College of Criminal Justice talks about what's in the plan. Then, journalist Jesse Holland joins us to talk about "Captain America: The Shield of Sam Wilson," his new book about the state of the Black superhero universe.

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0:23.4	Hey, welcome to here and now anytime, a daily news show that's more than just daily news.
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0:41.5	Now, here's the show.
0:42.9	Our credit reporting system really shouldn't be used as a tool to coerce people into paying bills.
0:51.3	They may not even owe or that they already paid.
0:55.8	Medical debt could soon be scrapped from credit reports.
0:59.3	It's January 7th, and this is here and now anytime from NPR and WBUR Boston.
1:05.1	I'm Kalyani Saxena.
1:10.0	Today on the show, more than four years after a Minneapolis police officer murdered George Floyd,
1:16.3	the city has approved an agreement with the federal government intended to bring reform to Minneapolis's police department.
1:23.2	We are here today because the city of Minneapolis and the Department of Justice moved with urgency and prioritized our shared goal of delivering a more just Minneapolis Police Department.
1:37.3	And?
1:38.3	America has the promise to represent all of us. Why can our icons also represent all of us?
1:45.5	Sam Wilson is the new Captain America. We'll hear about black American superheroes on
1:50.9	screen and on shelves. But first, some news that could improve your credit score. The Biden
1:57.3	administration is attempting to ban medical debt from credit reports. This would mean that the loan providers would be prohibited from using your medical information when deciding whether to lend you money.
2:08.5	To millions of borrowers across the U.S., it sounds like great news, right? Not so fast. The rule could be undone by Republicans, once President Trump takes office later this
2:18.8	month, and the new Congress is sworn in. Robin Young spoke with Rohit Chopra. He's director of the
2:24.1	Consumer Financial Protection Bureau, which is the department behind the regulation. She spoke to him
	...

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