arrow_back Back to App

Assessing Educational Data Use in Creditworthiness Determinations

This act mandates the Bureau of Consumer Financial Protection to assess how educational data (e.g., college attended, grades) is used in determining creditworthiness. The goal is to identify if such practices lead to unfair treatment of certain groups. The findings will be publicly available, increasing transparency in lending processes.
Key points
The Bureau of Consumer Financial Protection will examine how educational background affects credit decisions.
Automated credit assessment systems will be reviewed for potential discriminatory risks.
Assessment findings and a list of companies using this data will be made public, enhancing consumer awareness.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9699
Sponsor: Rep. Beatty, Joyce [D-OH-3]
Process start date: 2022-12-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Examining Educational Redlining in Lending Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9699.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-30.

What are the main provisions?

Key points include:

  • The Bureau of Consumer Financial Protection will examine how educational background affects credit decisions.
  • Automated credit assessment systems will be reviewed for potential discriminatory risks.
  • Assessment findings and a list of companies using this data will be made public, enhancing consumer awareness.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beatty, Joyce [D-OH-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Courts and Law Economy