Dive Brief:

A federal judge has vacated a rule from the Biden administration that would have removed medical debt from credit reports, in a win for the credit reporting industry.

Judge Sean Jordan, a Trump appointee, said that the rule exceeded the authority of the Consumer Financial Protection Bureau, an independent agency that’s been carved out by cuts under the Trump administration.

The CFPB had finalized the rule in January , weeks before former President Joe Biden left office. The Biden administration estimated the regulation, which never went into effect due to legal challenges, would have removed almost $50 billion of medical debt from the credit reports of some 15 million Americans.

Dive Insight:

Two credit reporting trade associations, the Cornerstone Credit Union and

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