United States · Bill · HR
H.R. 3629 (116th)
Clarity in Credit Score Formation Act of 2019
Introduced
9 July 2019
Last action
—
Status
Placed on the Union Calendar, Calendar No. 248.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Clarity in Credit Score Formation Act of 2019 This bill provides that the Consumer Financial Protection Bureau (CFPB) must regulate credit score models by establishing standards for validating the accuracy and predictive value of these models. The bill also gives the CFPB the authority to prohibit the use of certain factors in credit score models. The CFPB must report on the impact of the inclusion of nontraditional data in these models.
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Documents
6 official files
Reported in House (text)
Reported in House (text)
Reported in House · EN · 21 November 2019
Reported in House (PDF)
Reported in House · EN · 21 November 2019
Reported to House
summary · EN · 21 November 2019
Introduced in House (text)
Introduced in House · EN · 9 July 2019
Introduced in House (PDF)
Introduced in House · EN · 9 July 2019
Introduced in House
summary · EN · 9 July 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/3629
- Open data entity: https://api.congress.gov/v3/bill/116/hr/3629