Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,

Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic. High interest rates and tightening lending standards by banks may be preventing people from using credit cards, even if they want to.

The agency said the rule would remove $49 billion in medical debts from the credit reports of about 15 million Americans. It was adopted despite demands from Republicans in Congre

Change expected to "remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans."

Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.

The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.

The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.

The national move to keep unpaid medical bills off credit reports is a duplicative one for Colorado residents after the passage of a first-in-the-nation law in 2023.