The Biden administration has canceled debts for approximately 4 million people, affecting borrowers significantly. However, around 40 million individuals are still burdened by student loans. A federal judge has ruled that only South Carolina, Texas, and Alaska have legal standing to challenge the administration's student loan forgiveness plan. The total student loan debt in the U.S. has reached nearly $1.8 trillion, causing young people to delay major life decisions. Additionally, the administration is proposing a rule to ban medical debt from credit reports, aiming to prevent it from impacting loan approvals.
In sweeping change, Biden administration to ban medical debt from credit reports https://t.co/AabbEhlWk0 https://t.co/bWNYT7zQHc
In a sweeping change that could improve millions of Americans' ability to own a home or buy a car, the Biden administration will propose a rule to ban medical debt from credit reports. https://t.co/r1Db5uiBfT
The director of the Consumer Financial Protection Bureau tells ABC News the federal agency will propose a rule later today to ban medical debt from most Americans’ credit reports. Scoop on @GMA this morning w/ @cheyennehaslett https://t.co/rWG4lwq17l
President Joe Biden’s administration will formally propose a rule to bar medical debt from individual credit reports Tuesday, a move that would prevent major health care bills from negatively impacting borrowing. https://t.co/0KQIhO4TK9
Coming today: White House move to ban medical debt from showing up on credit reports. Proposed rules, arriving five months before Election Day, are part of Biden's closing argument that he's addressing pocketbook problems. With @Post_AG. https://t.co/elq7xCn34G
⚠️ JUST IN: *BIDEN ADMIN TO BAN MEDICAL DEBT FROM CREDIT REPORTS - ABC 🇺🇸🇺🇸 https://t.co/waOX58t5Lb
.@ABC NEWS EXCLUSIVE: @eschulze details a new proposal that could help Americans boost their credit scores by removing medical debt from their credit report. https://t.co/9wcE9Eroqf
Happening TODAY: The Biden administration will unveil a rule that removes medical debt from peoples’ credit scores. A huge deal for 15 million people, @CFPB tells us in an exclusive interview. @eschulze https://t.co/sbxwGRErzo
❖ BIDEN ADMIN TO BAN MEDICAL DEBT FROM CREDIT REPORTS - ABC
BIDEN ADMIN TO BAN MEDICAL DEBT FROM CREDIT REPORTS - ABC
JUST IN: In a sweeping change that could improve millions of Americans’ ability to own a home or buy a car, the Biden administration will propose a rule Tuesday to ban medical debt from credit reports. Read more: https://t.co/U00kqEHYWs https://t.co/60T3sAoAcJ
Our Administration is proposing a rule that would ensure that medical debt cannot be used in calculating your credit score – which means medical debt cannot be the reason someone is denied a car loan, a home loan, or a small business loan. https://t.co/YSEpHRAU47
Total student loan debt in the U.S. is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. https://t.co/QF99LftjMZ
Biden Approves $613 Million In Student Loan Forgiveness Amid 3 Big Legal Developments https://t.co/xEbKwUOX6G
A federal judge ruled that only South Carolina, Texas and Alaska had the legal standing to challenge the Biden administration's student loan forgiveness plan in court, rejecting arguments by eight other Republican states that sought to challenge the plan https://t.co/J9yeerlp9n https://t.co/eE4ldU7CYK
Approximately 4 million people have had their debts canceled by the Biden administration—a radical method of wealth redistribution that borrowers experience as life-changing. But some 40 million people remain locked into student loans: https://t.co/Y6aMjZzcBz
Key Court Ruling On Biden Student Loan Forgiveness And Payment Plan Expected In 2 Weeks https://t.co/j4qdfLxIOu