United States · Bill · HR
H.R. 4112 (117th)
Clarity in Credit Score Formation Act of 2021
Introduced
24 June 2021
Last action
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Status
Referred to the House Committee on Financial Services.
Sponsors
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Subjects
Discovery layer
Source updated
15 May 2025
Summary
Clarity in Credit Score Formation Act of 2021 This bill requires the Consumer Financial Protection Bureau (CFPB) to 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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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 24 June 2021
Introduced in House (PDF)
Introduced in House · EN · 24 June 2021
Introduced in House
summary · EN · 24 June 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/4112
- Open data entity: https://api.congress.gov/v3/bill/117/hr/4112