United States · Bill · S
S. 1685 (115th)
Credit Score Competition Act of 2017
Introduced
1 August 2017
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
11 August 2025
Summary
Credit Score Competition Act of 2017 This bill amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to allow the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), when determining whether to purchase a residential mortgage, to consider a borrower's credit score only if certain procedural requirements are met with respect to the validation and approval of credit-scoring models. The Federal Housing Finance Agency may, by regulation, establish standards and criteria for processes used by Fannie Mae and Freddie Mac to validate and approve credit-scoring models in accordance with the bill.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 1 August 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 1 August 2017
Introduced in Senate
summary · EN · 1 August 2017
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/1685
- Open data entity: https://api.congress.gov/v3/bill/115/s/1685