,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #ejhc  ,,in ,,the ,,house ,,of  
,,representatives  ,september #b1       
#bjbe,mr4 ,fields introduced the        
following bill2 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 models1 and for other
 purposes4  #a4 ,study on use of        
additional key factors in credit scoring
 models  7a7 ,in general ,not later than
 ,december #ca1 #bjbe1 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-- 7#a7 the use of credit scoring     
models that include consideration of key
 factors described in subsection 7b72   
and  7#b7 how such models affect the    
ways in which a creditor evaluates the  
creditworthiness of a consumer4  7b7    

,key factors ,the key factors described 
in this subsection are as follows3  7#a7
 ,brokerage account statements4  7#b7   
,payment history for installment        
contracts1 such as ,buy ,now1 ,pay      
,later installment contracts4  7#c7     
,electronic benefit transfer system 7as 
defined in section #ijd7;d77#b77;,a77i7 
of the ,electronic ,fund ,transfer ,act 
7#ae ,u4,s4,c4 #afic;b7d77#b77;,a77i777 
transaction records4  7#d7 ,rental      
payment history4  7#e7 ,utility payment 
history4  7#f7 ,telecom and             
subscription-service payment history4   
7#g7 ,transaction data from depository  
institution 7as defined in section      
#c7;a7 of the ,federal ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahac7;a777 and credit union accounts4  
7#h7 ,payroll deposit or data on the    
frequency with which an employee makes  
deposits to an account of a consumer4   
7#i7 ,payment history for insurance4    
7#aj7 ,public record data relating to   
property ownership1 business licenses1  

and court filings relating to assets or 
real property4  7#aa7 ,peer-to-peer     
financial transaction activity4  7c7    
,definitions ,in this ,act3  7#a7       
,credit scoring model ,the term credit  
scoring model means a model for         
developing a credit score 7as defined in
 section #fji7;f77#b77;,a7 of the ,fair 
,credit ,reporting ,act 7#ae ,u4,s4,c4  
#afha;g7f77#b77;,a7774  7#b7 ,key factor
 ,the term key factor has the meaning   
given in section #fji7;f77#b77;,b7 of   
the ,fair ,credit ,reporting ,act 7#ae  
,u4,s4,c4 #afha;g7f77#b77;,b774