Medical Debt Relief Act of 2023

This bill amends the Fair Credit Reporting Act to define "medical debt" as debts from medical services and prohibits credit bureaus from including medical debt in credit reports. It also requires the Consumer Financial Protection Bureau to update regulations within one year, banning creditors from using medical debt information when making credit decisions. The law directly affects consumers with medical debt (such as unpaid hospital bills) and creditors who rely on credit reports for lending. Key changes include removing medical debt from credit reports and preventing its use in credit evaluations, aiming to reduce how medical costs impact credit scores.