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New Biden rule will ban medical debt from credit reports, but will Trump keep it?

If the new Consumer Financial Protection Bureau regulations lead to more doctors billing patients up front, that could increase demand for worksite health finance benefits.

By Allison Bell | January 08, 2025 at 12:00 AM
CFPB building. Photo: Diego M. Radzinschi/ALM

The Consumer Financial Protection Bureau has completed final regulations that could stop health care providers from reporting most medical debt to credit bureaus.

The CFPB regulations do not affect medical credit card issuers and may not affect other types of medical credit providers. ACA International, a trade group for credit and collection professionals, predicts that the new regulations will cause doctors, dentists and hospitals to require more patients to pay for care before the care is provided.

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