Anonymous #1 9w

However, if your lender has their own model, they may come up with a different score and ultimately a different decision on whether to lend you money

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Anonymous #1 9w

Best thing we can do rn is push for it at the state level. 15 states prohibit CRAs from reporting medical debt: https://consumerfed.org/does-your-state-allow-medical-bills-to-appear-on-credit-reports/ Anyway, both CFPB and NBER have published research showing that medical debt is a poor predictor of whether someone will pay their other bills

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I have zero clue. I think credit scores are pretty fucked considering they assume everyone can’t pay their debt until they actually take on debt. Like why should you need to open a credit card or take out a loan just to prove that you’re responsible? The fact that you’ve incurred no debt should be sufficient alone

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What I was getting at is that the rule defies what the law says. I assume I’m being downvoted because it’s not very progressive to agree with this ruling. While I understand that, I think I’m being consistent here. The executive branch cannot make rules that defy the laws passed by congress. If we want a system that respects checks and balances, we need to be consistent here. We would understandably and correctly be up in arms if Trump passed a rule on immigration that defied what the law says

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I don’t think this ruling was a “good thing” btw. But the reasoning makes sense

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