Bankers concerned about Biden Administration rule to remove medical debt from credit reports

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PIERRE, SD (KELO.com) — On the surface, removing medical debt from consumer credit reports may sound like a good idea.  But, it could create problems in the Banking industry according to South Dakota Bankers  Association President Karl Adam.  He says the rule, coming from the outgoing Biden Administration, would cover up important borrower information as bankers make decisions on loans.

“Med Debt Forgiveness 1”

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1. “Med Debt Forgiveness 1”

Adam says the Banking industry is resisting the move, and is hopeful it will be overturned by the incoming Trump Administration.