3.0.0 3629 2022-11-01T13:50:45Z 2022-11-01T13:50:45Z House HR 2019-07-09 116 [Congressional Record Volume 165, Number 114 (Tuesday, July 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LYNCH:H.R. 3629.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution[Page H5303]]]> hsba00 Financial Services Committee House Standing Reported by 2019-11-21T18:41:40Z Markup by 2019-07-16T20:34:40Z Referred to 2019-07-09T18:00:35Z H. Rept. 116-307 Comprehensive CREDIT Act of 2020 116 3621 HR 2020-01-30 Received in the Senate. Related bill CRS Related bill House 2019-11-21 Placed on the Union Calendar, Calendar No. 248. Calendars H12410 2 House floor actions U00248 2019-11-21 Reported (Amended) by the Committee on Financial Services. H. Rept. 116-307. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2019-11-21 Reported (Amended) by the Committee on Financial Services. H. Rept. 116-307. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2019-07-16 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25. Committee 2019-07-16 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2019-07-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-07-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-09 Introduced in House IntroReferral 1000 9 Library of Congress L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 N C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2019-07-17 False 2019-10-07T19:30:00Z H.R. 3629, Clarity in Credit Score Formation Act of 2019 https://www.cbo.gov/publication/55700 As ordered reported by the House Committee on Financial Services on July 16, 2019 Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Business records Computer security and identity theft Congressional oversight Consumer Financial Protection Bureau Consumer credit Credit and credit markets Government information and archives Government studies and investigations Immigration status and procedures Low- and moderate-income housing Minority and disadvantaged businesses Racial and ethnic relations Refugees, asylum, displaced persons Right of privacy Rural conditions and development Sex, gender, sexual orientation discrimination Urban and suburban affairs and development Wages and earnings Finance and Financial Sector 00 2019-07-09 Introduced in House 2019-12-02T19:49:03Z 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.

]]> 07 2019-11-21 Reported to House 2019-12-03T21:30:19Z 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.

]]> Clarity in Credit Score Formation Act of 2019 Display Title Clarity in Credit Score Formation Act of 2019 Official Title as Introduced To amend the Fair Credit Reporting Act to establish clear Federal oversight of the development of credit scoring models by the Bureau of Consumer Financial Protection, and for other purposes. Reported in House RH Short Title(s) as Introduced Clarity in Credit Score Formation Act of 2019 Introduced in House IH Short Title(s) as Reported to House Clarity in Credit Score Formation Act of 2019 H House Reported in House RH Reported in House 2019-11-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3629rh/xml/BILLS-116hr3629rh.xml Introduced in House 2019-07-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3629ih/xml/BILLS-116hr3629ih.xml 2019-11-21 Placed on the Union Calendar, Calendar No. 248. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.