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A Texas federal judge, appointed by President Trump, blocked a Biden administration rule that would have removed nearly $50 million in medical debt from the credit reports of 15 million Americans. The rule, implemented by the CFPB, aimed to improve credit scores and increase mortgage approvals. The judge ruled the action exceeded the CFPB's authority under the Fair Credit Reporting Act, though the bureau can still encourage alternative reporting methods.

Prepared by Olivia Bennett and reviewed by editorial team.