The White House wants to remove medical debt from credit scores. Here’s why that’s a big deal

Andrea Chang | Los Angeles Times (TNS)

The Consumer Financial Protection Bureau has proposed a rule that would remove medical bills from credit reports, a ban that would prevent lenders from considering those debts when making decisions about whether to issue loans.

The proposed rule change, announced Tuesday, would also increase privacy protections, help raise credit scores and prevent debt collectors from using the credit reporting system to coerce people to pay.

“The CFPB...