H.R. 5083 — 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.

H.R. 5083 — 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. | JustPolicyThe purpose of this legislation is to require a study on how additional factors can be used in credit scoring models. The goal is to better understand how these factors impact the evaluation of a person's creditworthiness by lenders. Key provisions of the legislation include a mandate for the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study. They must report their findings to Congress by December 31, 2025.