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debt

10 Results / Page 1 of 2

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Trump administration moves to overrule state laws protecting credit reports from medical debt

NEW YORK (AP) — The Trump administration is moving to overrule any state laws that may protect consumers’ credit reports from medical debt and other debt issues. The Consumer Financial Protection Bureau has drafted what’s known as an interpretative rule related to the Fair Credit Reporting Act, interpreting the law in a way that says the FCRA should preempt any state laws or regulations when it comes to how debt should be reported to the credit bureaus like Experian, Equifax and Trans […]

todayOctober 28, 2025 1

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VP Harris announces rule eliminating medical debt from credit reports; highlights Black couple’s inspirational story

Vice President Kamala Harris on Tuesday announced a ruling from a federal consumer agency that will remove medical debt from credit reports for millions of Americans.  Building on previous efforts to address the rising cost of living for Americans and following President Joe Biden’s pledge to address the impact of healthcare debt, Harris, on behalf of the Biden-Harris administration, announced the final rule by the Consumer Financial Protection Bureau.  “No one should be denied economic opportunity because they got sick […]

todayJanuary 7, 2025

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White House starts scrapping pending regulations on student debt

President Joe Biden is abandoning his efforts to provide some protections for transgender student athletes and cancel student loans for more than 38 million Americans, the first steps in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. The White House expects to pull back unfinished rules across several agencies if there isn’t enough time to finalize them before Trump takes office. If the proposed regulations were left in their current state, the […]

todayDecember 20, 2024 1

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What to know about the debt ceiling debate as a government shutdown looms in Washington

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. President-elect Donald Trump has demanded that a provision raising or suspending the nation’s debt limit — something that his own party routinely resists — be included in legislation to avert a government shutdown. “Anything else is a betrayal of our country,” Trump said in a statement Wednesday. Republicans quickly complied, including a provision […]

todayDecember 20, 2024

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Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan

WASHINGTON (AP) — The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan from the Biden administration that would have lowered payments for millions of borrowers, while lawsuits make their way through lower courts. The justices rejected an administration request to put most of it back into effect. It was blocked by the 8th U.S. Circuit Court of Appeals. In an unsigned order, the court said it expects the appeals court to issue a fuller decision on the […]

todayAugust 29, 2024

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Harris’ DNC nomination is a debt owed to Black women, says MSNBC’s Joy Reid 

The Democratic National Convention (DNC) marks a historic feat for Kamala Harris. On Thursday, she will officially become the first Black woman and person of South Asian descent to clinch the presidential nomination from a major political party. It’s a moment that can be seen as Democrats’ long-owed debt to Black women, who, for decades, have been regarded as the political backbone of the racially and ethnically diverse party.  “For me, as a Black woman, I look at it from […]

todayAugust 19, 2024 1

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VP Kamala Harris, ‘A Different World’ cast talk student debt relief

Vice President Kamala Harris celebrated historically Black colleges and universities with the cast of sitcom “A Different World” as the White House promoted their efforts to reduce the burden of student debt. In a video posted on Friday, Harris highlighted the Biden-Harris administration’s moves to eliminate student debt for millions of borrowers. She was joined by “A Different World” co-stars — Jasmine Guy, Kadeem Hardison and Glenn Turman — in urging borrowers to learn more about the federal debt relief […]

todayApril 14, 2024 1

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What Black student loan borrowers should know about Biden’s new ‘Plan B’ for debt relief

President Joe Biden announced Monday his highly anticipated Plan B for student loan debt cancellation nearly a year after the U.S. Supreme Court struck down his original program. The White House’s announcement asserts that the new plan will provide “significant relief” for Black and Latino borrowers. “We know there are big racial disparities in the student loan program, and students of color are more likely to borrow larger amounts and are more likely to struggle to repay [their loans],” U.S. […]

todayApril 8, 2024 3

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70 organizations, NAACP included, ask Biden’s Education Dept. to retool student debt plan to help people of color

Pressure is mounting on President Joe Biden and his administration to retool an alternative student debt relief plan so it provides targeted assistance for borrowers who have faced hardship.  According to Bloomberg, the NAACP, the American Federation of Teachers, the Urban League and the Rev. Al Sharpton’s National Action Network were among the nearly 70 organizations and labor groups that signed a letter maintaining that the modifications would support key blocs for Biden’s reelection campaign, such as young people and […]

todayJanuary 19, 2024 1