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H.R. 3629 116th Congress House

Clarity in Credit Score Formation Act of 2019

Official title: 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.

Introduced: July 9, 2019 Introduced by: Stephen F. Lynch Democratic · Massachusetts See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness recordsComputer security and identity theft
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 21, 2019
Placed on the Union Calendar, Calendar No. 248.
Nov 21, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-307.
Jul 16, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.
Jul 16, 2019
Committee Consideration and Mark-up Session Held.
Jul 9, 2019
Referred to the House Committee on Financial Services.
Jul 9, 2019
Introduced in House
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 Latest action November 21, 2019

Placed on the Union Calendar, Calendar No. 248.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 3621 Comprehensive Credit Reporting Enhancement, Disclosure, Innovation, and Transparency Act of 2020
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cleaver, Emanuel
Missouri · Jul 17, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3629: Clarity in Credit Score Formation Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3629/
MLA
"H.R. 3629: Clarity in Credit Score Formation Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3629/.
Bluebook (legal)
H.R. 3629, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3629/.
Markdown link
[H.R. 3629: Clarity in Credit Score Formation Act of 2019](https://openamerica.io/bill/116-HR-3629/)
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