Elon Musk wants to “delete” the Consumer Financial Protection Bureau
The CFPB says the change will raise credit scores by an average of 20 points and lead to 22,000 additional mortgages every year. Vice President Kamala Harris said it would be “lifechanging” for millions of families.
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The Biden administration has moved to ban unpaid medical bills from appearing on credit reports, making it easier for people to borrow money for mortgages, car loans or small business loans.
“No one should be denied economic opportunity because they got sick or experienced a medical emergency,” she said in a statement announcing the rule.
