The push to wipe medical debt from credit reports
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 June 2024
⏱️ 15 minutes
🧾️ Download transcript
Summary
About 15 million Americans collectively have $49 million in medical debt on their credit reports, according to the Consumer Financial Protection Bureau. But a new proposed rule might remove these bills from their credit scores. We’ll explain. Plus, the domino effect of local elections being funded by national players. And, how Apple’s new AI features could change the language of emoji.
Here’s everything we talked about today:
- “Vice President Kamala Harris On Sherri” from “Sherri”
- “CFPB Proposes to Ban Medical Bills from Credit Reports” from the Consumer Financial Protection Bureau
- “CFPB Finds 15 Million Americans Have Medical Bills on Their Credit Reports” from the Consumer Financial Protection Bureau
- “Biden Proposes Dropping Medical Debt From Credit Reports” from The New York Times
- “More parents are cosigning their kids’ mortgages” from Marketplace
- “Co-Borrowing Is on the Rise for First-Time Homebuyers” from Freddie Mac
- “Campaign donors hope money makes the difference in hotly contested states” from Marketplace
- “Apple Intelligence in 5 minutes” from Apple
- “Apple announces AI features” from Marketplace
Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We’ll have news, drinks, a game and more.
Transcript
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| 0:00.0 | What does it supposedly do? It's just, I mean, it, either you could burp or you have those like little |
| 0:06.4 | fizzy, sometimes your chest has that like little fizzy noise and it's like, |
| 0:10.3 | oh, well, hadn't heard that before. |
| 0:15.0 | Hello everyone, I'm Kimberly Adams. |
| 0:17.0 | Hello everyone, I'm Kimberly Adams. Welcome back to Make Me Smart where we make |
| 0:25.6 | today makes sense. And I'm Kristen Schwab in for Kyra's doll. Thanks everybody |
| 0:29.8 | for joining us. It's Thursday June 13th. And it's our audio show day so today we're |
| 0:34.9 | going to listen back to some of the big news stories of the week or a couple |
| 0:39.2 | weeks or whatever but we've got some audio clips lined up. Let's hear our first one from Vice President |
| 0:44.9 | Kamala Harris. |
| 0:46.9 | People are carrying so much debt. |
| 0:49.5 | So we've been looking at, for example, medical debt, Medical debt, because usually it's because somebody faces a medical |
| 0:55.8 | emergency for which they were not prepared, didn't have the savings, |
| 0:59.8 | and we have now, we are on track to say that medical debt cannot be counted in your credit score. |
| 1:05.9 | That was Vice President Kamala Harris from her appearance on Sherry, the talk show with Sherry |
| 1:11.6 | She was talking about the Biden administration's plan. Sherry, the talk show with Sherry Shepard last month. |
| 1:13.0 | She was talking about the Biden administration's plans to remove medical debt from Americans' |
| 1:17.6 | credit scores. |
| 1:18.6 | Shout out to the series we did on Marketplace Tech a while back about credit scores. |
| 1:23.4 | Super interesting. |
| 1:24.2 | Hope you listen to it. |
| 1:25.6 | But anyway, on Tuesday, the Consumer Financial Protection |
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