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HR 4112 117th Congress House Finance and Financial Sector

Clarity in Credit Score Formation Act of 2021

Introduced: June 24, 2021 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 2021
Referred to the House Committee on Financial Services.
Jun 24, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Clarity in Credit Score Formation Act of 2021

This bill requires the Consumer Financial Protection Bureau (CFPB) to 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.

What's happening now June 24, 2021

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 4120 Related bill Comprehensive CREDIT Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4112: Clarity in Credit Score Formation Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4112/
MLA
"H.R. 4112: Clarity in Credit Score Formation Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4112/.
Bluebook (legal)
H.R. 4112, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4112/.
Markdown link
[H.R. 4112: Clarity in Credit Score Formation Act of 2021](https://openamerica.io/bill/117-HR-4112/)
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