Re:US proposes banning medical debt from credit reports
by everforward on Wednesday June 12, 2024 @10:15AM
(#40658427)
I too would prefer an actual solution instead of a veneer.
It’s worth remembering that this won’t impact loaners, though; they don’t care as long as everyone has to do it so they aren’t getting undercut on rates.
They’ll just raise interest rates to cover the extra delinquencies, making cars/houses/etc less affordable to the poor. Hopefully by a small amount if the CFPB is right.
It’s worth remembering that this won’t impact loaners, though; they don’t care as long as everyone has to do it so they aren’t getting undercut on rates.
They’ll just raise interest rates to cover the extra delinquencies, making cars/houses/etc less affordable to the poor. Hopefully by a small amount if the CFPB is right.