Under the Biden administration, the Consumer Financial Protection Bureau finalized a rule barring medical debt from appearing on credit reports. Now, the agency is siding with the credit industry groups suing to have the rule vacated.
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Say what you want about Biden. He Never humiliated a world leader in the Oval Office. Never played a deepfake video to embarrass a visiting leader. He didn't act like a mob boss, threaten anyone who didn't agree with him. He didn't try to screw over Americans in favor of BigBiz profits! Trump does.
due to a random health event. I have a job will take me back; I just can't do it yet until time passes and it heals. A temp worker, I never get insurance or make enough to save and live on 13 hours' pay. No savings,I am not a priority for assistance which is understandable. just need the basics.
What’s the point of any legislation if the only agenda Republicans have is to going and reverse everything! This is why America is no longer trusted by the rest of the allies … foreign policy changes every Republican president! US position means nothing! America shouldn’t be at G7 until Trump gone!
Ah, poor you, stuck with medical debt on your credit report. Meanwhile, the Consumer Financial Protection Bureau is over here like 'nah, we got this, we're gonna protect you from predatory lenders'. Silver linings, am I right?
So the Repub spending bill cutting Medicare & Medicaid will resolve medical debt? Unlikely!
Call your Senators tomorrow & urge them to remove the paragraphs cutting social programs from the spending bill.
Also urge them to remove the paragraph that prohibits courts from exercising contempt powers.
You get what you vote for. Including when you vote for corporate Democrats who pass rules like this to virtue signal certain items but choose to avoid maximal commitments to democracy, damaging the party and costing elections that lead to reversals. Student loans are another example.
It's a big ultra conservative, profit loving block out there fighting to shrink government down to nothing. It would leave the average citizen defenseless. I give the Dems points for doing the right thing. Our efforts would be better spent attacking those who do damage to democracy.
While I’m here, credit scores are stupid. They weren’t even a thing until 89 and some parts of the world don’t even have them. It’s a fake metric that really doesn’t do a good job of summing up if a person is worthy of credit. Throw the whole system out.
I can’t overstate how stupid this would be. Medical debt is fundamentally different than other types of debt because there’s no asset backing it. This would hurt countless people for no monetary gain.
True. Fascism doesn't solve problems. It just blames them on the other, but the problems remain. They hire for loyalty and the problems get worse, not better. If Trump were competent, we'd be in far more trouble, not that this is not itself very bad.
True. We already have corporations buying out entire neighborhoods and charging tenants outrageous rental rates with terrible terms in the leasing agreements.
Predatory lenders will be coming out of the woodwork. Offering low-income people 50% interest....
And I'm pretty sure the payday loan companies will be seeing a surge and customer traffic, at least enough to where they can put at least two locations in every poor community in the country..
I’ve had it with this aweful administration! I can’t even!! I’m in Canada 🇨🇦 and we don’t have this bone crushing payment for healthcare so hearing this is just oil on the fire. 🔥
Translation, politicians think that if you don’t scare or shame people enough they’ll run up their bad health debt.
Do they read the Bible? Contemplate the mysteries of their God?
If they did they’d realize God isn’t fair when it comes to bad luck, sickness, or barrenness.
We’re supposed to learn2🙌💗
No, I do not let those off that failed to show up. Sure some were disenfranchised. Most presumably, were not. To the ones that could have and stayed home, this is also on you. Not voting is voting for the worst outcome.
Half the ones that didn't vote at least? More? Democracy means duty. It means getting informed accurately, even in this world, and voting not just for self, but for what is actually best for your country and the world. It means not falling for BS like OMG like four trans people are in sports.
Combined with the current state of corporate ownership of rental properties, this will exacerbate housing insecurity and increase homelessness. The practice of using credit ratings rather than rental history as a metric for potential tenants is a favorite of faceless corporate ownership.
So I guess the gunning down of a health insurance CEO made zero impact! And taking away Medicaid & Medicare coverage will definitely help! God these people are evil!
Yes the third category just boggles the mind. People were protesting everything, and I get it, but at some point you have to play the hand you have, not stab each other in the back and let the other side destroy everything.
I've seen two separate banks ignore both medical and school debt when considering loan applications (mortgage in both cases, so they have something to repossess) and one guy told me that if they still paid attention to those two on credit reports, they wouldn't have many ppl to loan to.
It's absurd to charge people so much that they end up in debt for (1) medical treatments necessary to live or (2) training required to make sure humanity doesn't end up in another Dark Ages.
I like how now people are finding out all the amazing things the Biden admin did. It is a bit sad people are only finding out now that Trump is undoing all of it.
The failed businessman, conman, tax cheat, fraudster, felon, who declared bankruptcy 6 times, defrauded and screwed thousands, is now turning consumer protections against American consumers.
This is dystopian. Not only in the supposed 'freest country on earth' will you be charged for medical treatment, but you'll be punished and judged for your inability to pay. We will ruin your life over it.
This is just diabolical, and it is insane that MAGA 'Christians' support this sinful usury
The poor honestly need to rise up and start murdering en masse. Take a note from history. This shit doesn't end until we start hanging people, publicly.
Trump gets away with multiple bankruptcies and still has financial institutions loaning him money but what is good for him not so much for the average American. 😡
The only industrialized nation in the world that would intentionally bankrupt it citizens for the profit in medical care. The former USA is a third world shit hole!!!
I am so sick of all of the back and forth that the government is doing. Medical debt will surely give rise to more attacks on healthcare CEO’s. Luigi certainly won’t be the last healthcare vigilante.
Medical school should be heavily subsidized if they do service work for a period of time in areas short of Drs upon graduation. They do this for teachers and lawyers.
Impeach. Convict. Remove. We should be calling for it every day. Impeach. Convict. Remove. He's violating the constitution daily. Impeach. Convict. Remove. He openly encourages bribery. Impeach. Remove. Imprison. He is kidnapping American citizens. Impeach. Remove. Imprison. (202) 224-3121. 8647.
Comments
Call your Senators tomorrow & urge them to remove the paragraphs cutting social programs from the spending bill.
Also urge them to remove the paragraph that prohibits courts from exercising contempt powers.
And I'm pretty sure the payday loan companies will be seeing a surge and customer traffic, at least enough to where they can put at least two locations in every poor community in the country..
Do they read the Bible? Contemplate the mysteries of their God?
If they did they’d realize God isn’t fair when it comes to bad luck, sickness, or barrenness.
We’re supposed to learn2🙌💗
Gov under GOP: works against the people
Enlightened centrist/fauxgressives/CheTshirtMarxist: they’re exactly the same!!1
It's been weaponized against the poor for so long.
Education, health care, utilities...why stop there?
Make it so that landlords and employers can no longer use that as a barrier to housing or employment.
This is just diabolical, and it is insane that MAGA 'Christians' support this sinful usury
Another hit on the non rich!
Someone bring back the public gallows.
The American people voted for a Mad-Man whose goal is to make America miserable again.
The MAGA folks are about "Masochism," or the enjoyment of experiencing pain😬
CRUSHING DEBT AND DEATH FOR EVERYONE ELSE