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.

This bill requires the Bureau of Consumer Financial Protection and the Federal Trade Commission to jointly conduct a study and submit a report to Congress. The report must look at credit scoring models that use additional key factors and how these models affect how creditors evaluate consumer creditworthiness. The specific key factors include brokerage accounts, Buy Now Pay Later contracts, electronic benefit transfer records, and rental payments. Other factors listed are utility payments, telecom and subscription services, bank and credit union transaction data, and payroll deposits. The bill also includes insurance payment history, public records on property and court filings, and peer-to-peer financial transactions. This report is required to be submitted to Congress not later than December 31, 2025.