Trump moves to preempt medical‑debt credit laws
The Trump administration on Oct. 28 announced a federal action to overrule state laws that restrict medical debt from appearing on consumer credit reports, asserting federal preemption. If implemented, the change would affect Minnesotans in the Twin Cities by allowing medical collections to be reported to credit bureaus, potentially lowering credit scores and influencing mortgage, auto, and other lending decisions.
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Business & Economy
📌 Key Facts
- Announcement date: Oct. 28, 2025
- Targets state laws that protect credit files from medical debt reporting via a federal preemption move
- Direct impact on Twin Cities residents’ credit scores and loan underwriting if medical debts return to credit reports