The agency estimated the rule will remove more than $49 billion in medical bills from the credit reports of about 15 million Americans.

Opposition is quickly forming against the Biden administration’s rule to ban medical debt from appearing on consumers’ credit reports, threatening the viability of what could be a popular regulation.

The Consumer Financial Protection Bureau has finalized a rule to keep medical bills off of consumers' credit reports.

Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans. Here's what you need to know.