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 @ISIDEWITHNewsDaily DiscussionJoe BidenKamala HarrisBiden AdministrationInflationVice PresidentAdministrationCredit•••2yrs ago

Biden Moves to Bar Medical Debt From Consumer Credit Reports

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.

Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra will announce the measure, a person familiar with the plan said, speaking on condition of anonymity to discuss the move before it is made public.

ABC News first reported the proposal.

The move is the latest effort from the administration to help lower costs for consumers ahead of November’s election rematch between Biden and Republican Donald Trump, in which inflation will be a key issue.

The proposal has been percolating for months. The CFPB said last year it was working on the change. At the time, the agency was also looking to stop lenders from considering such debts in an application and curb certain repayment practices.

The exact parameters of the proposed rule and when it would take effect are unclear.

Chopra told ABC it could take effect in 2025, potentially making its enactment dependent on the election.

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10 Replies

 @Pe0plesPartyTealConstitutionfrom California  commented…2yrs2Y

So you don’t set up a payment plan and end up in collections which can not be used against you?

Essentially now you don’t need to pay back your medical debt.

This will drive medical up for all of us.

This is the opposite of a win.

 @VetoSeahorseSocialist from Arkansas  disagreed…2yrs2Y

No it wont’ the medical facilities just write it off as usual. They have been writing off bad debt for decades. That won’t change.

 @HolisticParliamentRepublicanfrom Missouri  commented…2yrs2Y

Finally something I agree with. Medical debt is not your fault.

 @CautiousTreatyPatriot from California  disagreed…2yrs2Y

This means we will now get lower quality drs and wait longer then the current 2 mths to see our PCPs this is the worst thing to happen to healthcare since Obamacare

  @Patriot-#1776Constitution from Washington  disagreed…2yrs2Y

It's unconstitutional for government to involve itself in this.

 @P4rtisanArtGreen from Georgia  commented…2yrs2Y

Pay attention folks. Medical debt should not affect your credit report or interfere with your ability to borrow. Biden gets **** done. **** that

 @PorpoiseLunaPatriot from Indiana  commented…2yrs2Y

This is the perfect timing for left, what a coincidence! Now they can say there is no two-tiered justice system, avoid Hunter being charged for his more serious crimes leading to his father, and no jail time!

 @PanickyRhinoDemocrat from Georgia  commented…2yrs2Y

Wow. I’m floored. They announced Biden was cancelling a small portion of student debt to little fanfare a couple weeks ago and I just checked my credit report and I definitely did not make a $5,000 payment to my student loan recently. Some of my debt was actually cancelled!

 @GerrymanderCockatooUnityfrom Montana  commented…2yrs2Y

Why did Biden wait for his last few months in office to do anything? Seems odd and almost like he is just pandering for votes all of a sudden.

 @ISIDEWITHasked…2yrs2Y

How might excluding medical debt from credit reports change the way people view healthcare and financial planning?

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 @ISIDEWITH submitted…1yr1Y

Biden bans new offshore oil drilling along most of US coastline

President Joe Biden announced a ban on new offshore oil and gas drilling along most of the US coastline on Monday in a move designed to bolster his environmental and climate legacy as he prepares to leave office.The order will protect 625mn acres of ocean on the US east coast, the eastern Gulf of Mexico, the Pacific coasts of Washington, Oregon and California, as well as portions of the Northern Bering Sea in Alaska, the White House said on Monday.“My decision reflects what the coastal communities, business and beachgoers have known for a long time: that drilling off these coasts could cause irreversible damage to places we hold dear and is unnecessary to meet our nation’s energy needs,” Biden said.The executive action will not prevent oil and gas companies obtaining leases in the central and western parts of the Gulf of Mexico, areas that produce almost 15 per cent of the nation’s oil supplies. Nevertheless, the move is expected to complicate the policy agenda of incoming president Donald Trump, who has vowed to “drill, baby, drill” and boost US oil production, even though it is already at a record level.The Trump transition team said it was a disgraceful decision designed to exact “political revenge on the American people” and the incoming president said he would immediately “unban” Biden’s prohibition on new offshore drilling.“I have the right to unban it immediately . . . we can’t let that happen to our country. It’s our greatest, it’s really our greatest economic asset,” Trump told conservative radio host Hugh Hewitt in an interview on Monday.Biden’s action will probably be challenged by the oil industry in court and face pushback from Republicans in Congress. But overturning the order could prove challenging and may require an act of Congress, according to legal experts.Biden is using his authority under the Outer Continental Shelf Lands Act, to protect the areas from drilling — the same mechanism which former president Barack Obama used previously to ban offshore drilling in some Arctic and Atlantic waters in 2016.In 2019, a federal judge ruled that an executive order by former president Donald Trump that lifted an Obama-era ban on oil and gas drilling in the Arctic Ocean was unlawful.

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 @ISIDEWITH submitted…2yrs2Y

Michigan Showdown: Rashida Tlaib Snubs Kamala Harris as Gaza Crisis Roils Arab American Voters

Michigan Rep. Rashida Tlaib, who spoke at a United Auto Workers rally in Detroit Friday night, declined to endorse Kamala Harris just four days out from Election Day, according to The Detroit News.The Democratic lawmaker encouraged union members to vote but kept her speech focused on down-ballot races. Tlaib, who is Palestinian American, is the only member of the Squad to withhold her support for Harris and has been vocal in her criticism of the Biden administration’s Israel policy.The war in Gaza has remained a top issue in battleground Michigan, where more than 100,000 voters cast their ballots for “uncommitted” in the state’s primary earlier this year, spurring concerns about the Democratic presidential candidate’s chances in the state. Harris has continued to face protests on the trail, as demonstrators call for her to break with President Joe Biden and support an arms embargo on Israel.The Uncommitted National Movement, confounded by Layla Elabed, Tlaib’s sister, announced in September that it wouldn’t endorse Harris while saying it opposed Donald Trump.Harris has been endorsed by several other leaders in the Arab American and Muslim community, and aides have met privately with leaders across battleground states in recent months. The vice president met briefly with a group of Arab American and Muslim leaders last month in Flint, Michigan, to discuss their concerns about Gaza and civilian casualties in Lebanon.

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