In a groundbreaking move, the Biden administration has introduced a new rule that will prevent unpaid medical bills from appearing on credit reports. This change aims to alleviate financial burdens for millions of Americans,

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans

The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of Americans.

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

U.S. consumers will no longer have medical debt appear on their credit reports under to a new rule the CFPB finalized Tuesday.

The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.

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