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Study on Additional Factors in Credit Scoring Models

This bill requires two government agencies to study how new types of data, such as rental or utility payment history, could affect individuals' credit scores. The goal is to understand if and how these additional factors might change the way banks and other institutions assess creditworthiness, potentially impacting access to loans and credit for citizens.
Key points
Government agencies will study how new data (e.g., rent, utility, subscription payments) impact credit scores.
The report aims to clarify if these changes will make it easier or harder for citizens to get credit.
The study seeks to broaden the scope of information considered in financial reliability assessments, potentially affecting access to financial products.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5083
Sponsor: Rep. Fields, Cleo [D-LA-6]
Process start date: 2025-09-02
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

To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5083.

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 2025-09-02.

What are the main provisions?

Key points include:

  • Government agencies will study how new data (e.g., rent, utility, subscription payments) impact credit scores.
  • The report aims to clarify if these changes will make it easier or harder for citizens to get credit.
  • The study seeks to broaden the scope of information considered in financial reliability assessments, potentially affecting access to financial products.
What is the specific legal status?

The current status is Introduced.

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. Fields, Cleo [D-LA-6].

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 2025-12-23.

CATEGORIES

Economy