Hochul Signs Bill Banning Medical Debt From NY Credit Reports

New York will bar credit reporting companies from including medical debt in consumer credit reports, making it the second state to act as federal regulators consider a similar ban.

The Fair Medical Debt Reporting Act signed by New York Gov. Kathy Hochul (D) Wednesday, A.6275A/S.4907A, will bar hospitals, health-care providers, and ambulance services in the state from reporting debt incurred on medical credit cards and other payment forms to credit reporting companies. The law also bars consumer credit reporting companies like Experian Plc, Equifax Inc., and TransUnion from including that information in their reports.

New York joins ...