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Trump Administration Moves Forward to Cut Credit Report Protections from Medical Debt

Oct 29, 2025 | 4:37 PM

PHOTO: Andrew Mullin ~ 760 WJR

WASHINGTON D.C. ~ The Trump administration is looking to overturn a Biden-era policy that would affect millions of people’s credit reports. The Consumer Financial Protection Bureau has reportedly drafted an interpretation of the Fair Credit Reporting Act that would repeal any state laws that ban medical debt on individuals’ credit reports.

PODCAST:

Oct. 29, 2025 ~ Dave Sowerby, managing director and portfolio manager at Ancora Bloomfield Hills, joins Kevin Dietz to discuss how the Trump administration is moving to overrule state laws protecting credit reports from medical debt.

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