The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.

Officials said the new regulation, adopted despite objections from the banking and consumer data industries, would remove $49 billion in medical bills from the credit reports of about 15 million Americans.

Before Joe Biden and Kamala Harris‘ administration leaves office and makes way for President-elect Donald Trump, they have announced that they are removing $49 billion in medical debt from 15 million Americans’ credit reports as a new federal rule blocks credit agencies from reporting unpaid medical bills;

The decision removes the possibility that areas off the Atlantic, Pacific and the east Gulf Coast will being surveyed for oil and gas drilling. During the earlier years of the previous Trump administration,

President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output gains are very real.