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United States · Bill · HR

H.R. 4211 (114th)

Credit Score Competition Act of 2015

openUnited States· United States Congress· EN

Introduced

10 December 2015

Last action

Status

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Credit Score Competition Act of 2015 This bill amends the Federal National Mortgage Association Charter Act to authorize the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises, or GSEs) to use credit scores in purchasing residential mortgages only under certain conditions, including that the GSE has established and made publicly available a description of the process it will use to validate and approve credit scoring models. The Director of the Federal Housing Finance Agency may, by regulation, establish standards and criteria for any process used by a GSE to validate and approve credit scoring models pursuant to the Acts.

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Documents

3 official files

Introduced in House (text)

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