The Consumer Financial Protection Bureau is taking steps towards eradicating all medical debt data from Americans’ credit studies, a transfer meant to assist the tens of millions of Americans whose credit scores drop after payments for bills like surprising hospital visits go unpaid.
While the data surrounding most unpaid medical money owed has already been removed from credit studies by the three main reporting companies — Equifax, Experian and TransUnion — the CFPB on Thursday introduced plans for a rule- making course of that might…