H.R. 5083

119 HR 5083 IH: To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.
 U.S. House of Representatives
 2025-09-02
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 EN
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 I  119th CONGRESS  1st Session  H. R. 5083  IN THE HOUSE OF REPRESENTATIVES   September 2, 2025   Mr. Fields  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.
1.
Study on use of additional key factors in credit scoring models
(a)
In general
Not later than December 31, 2025, the Director of the Bureau of Consumer Financial Protection and the Chairman of the Federal Trade Commission shall jointly submit to Congress a report on—
(1)
the use of credit scoring models that include consideration of key factors described in subsection (b); and
(2)
how such models affect the ways in which a creditor evaluates the creditworthiness of a consumer.
(b)
Key factors
The key factors described in this subsection are as follows:
(1)
Brokerage account statements.
(2)
Payment history for installment contracts, such as  Buy Now, Pay Later  installment contracts.
(3)
Electronic benefit transfer system (as defined in section 904(d)(2)(A)(i) of the Electronic Fund Transfer Act ( 15 U.S.C. 1693b(d)(2)(A)(i) )) transaction records.
(4)
Rental payment history.
(5)
Utility payment history.
(6)
Telecom and subscription-service payment history.
(7)
Transaction data from depository institution (as defined in section 3(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(a) )) and credit union accounts.
(8)
Payroll deposit or data on the frequency with which an employee makes deposits to an account of a consumer.
(9)
Payment history for insurance.
(10)
Public record data relating to property ownership, business licenses, and court filings relating to assets or real property.
(11)
Peer-to-peer financial transaction activity.
(c)
Definitions
In this Act:
(1)
Credit scoring model
The term  credit scoring model  means a model for developing a credit score (as defined in section 609(f)(2)(A) of the Fair Credit Reporting Act ( 15 U.S.C. 1681g(f)(2)(A) )).
(2)
Key factor
The term  key factor  has the meaning given in section 609(f)(2)(B) of the Fair Credit Reporting Act ( 15 U.S.C. 1681g(f)(2)(B) ).