Medical debt returns to credit reports
Good morning! It’s Daniel de Visé with your Daily Money.
Consumers were dealt a blow when a federal judge in Texas tossed out a Biden-era rule that would have banned the inclusion of medical debt on credit reports.
In a move that arguably eliminates a vital consumer protection, U.S. District Judge Sean Jordan on July 11 granted a request from President Donald Trump's administration and industry groups to vacate the medical debt rule.
Here's what it means for consumers.
No more pizza at the office?
If your company provides free office snacks or meals, that perk could be at risk due to President Trump's new tax law.
A tax deduction offered to employers for takeout meals and company-provided cafeteria meals will expire at the end of this year, thanks to a provision in the so-called "Big Beautiful Bill", which became law earlier in July.
Does that mean no more pizza on long work nights?
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🍔 Today's Menu 🍔
An April Fool's joke made by a fast-food fan account wound up in a White House Press release on Monday.
In a since-modified statement, the Trump administration touted recent changes made by major food and beverage companies in response to the administration's "Make America Healthy Again" initiative. Among the announcements: a bullet point claiming that California-based fast food chain In-N-Out "transitioned to 100% beef tallow."
Alas, it was all a joke.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.