Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans.

The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White House this month.

The rule will remove an estimated $49 billion in medical bills from the credit reports of millions of Americans.

The rule would erase an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans, the CFPB said. That could help boost those borrowers' credit scores by an average of 20 points,