Bill · H.R. 9380· House(119-HR-9380)
Expanding Access to Credit through Consumer-Permissioned Data Act
- Introduced
- 6/18/2026
- Last activity
- 6/18/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Nikema Williams
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Expanding Access to Credit through Consumer-Permissioned Data Act'', seeks to amend the Equal Credit Opportunity Act. It would require mortgage creditors to consider alternative credit information that is not reported through national credit reporting agencies. This alternative data can include items like bank statement information or rental payment information. To use this data, the applicant must request it, authorize it, and state that current credit reports do not fully reflect their creditworthiness. The bill also requires creditors to provide specific notices to applicants regarding these rights.
Yes· 3 of 11
Would people in their twenties and thirties be better off under this?+5
The bill specifically benefits younger consumers who may lack traditional credit histories.
Would households on low incomes be better off under this?+5
The bill facilitates mortgage access for low-income individuals by allowing them to use alternative data like bank statements.
Would Black Americans be better off under this?+5
The bill targets underserved communities of color to increase their access to mortgage credit.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Access to Credit: The bill aims to help individuals with little or no credit history with national credit reporting agencies access mortgage loans (Section 2).
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Support for Specific Demographics: The use of alternative data may help expand mortgage access for borrowers with lower credit scores, low-income consumers, younger consumers, and communities of color (Section 2).
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Standardized Credit Assessment: Creditors would be required to treat provided alternative information with the same weight as information from a traditional consumer reporting agency (Section 3(b)).
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Enhanced Transparency for Applicants: Creditors must provide a notice explaining the applicant's right to provide additional information, including examples and the potential benefits (Section 3(c)(1)(A)).
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Language Accessibility: Required notices must be available in the eight languages most commonly spoken by individuals with limited English proficiency (Section 3(c)(2)).
Potential Negative Impacts for People
- Risk of Disregarded Information: Creditors have the right to disregard any provided alternative information if they determine the information is the result of a material misrepresentation (Section 3(b) and Section 3(c)(1)(B)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For African Americans+5Good For Hispanic Americans+5Good For Low Income Households+5Good For Young Adults+5Good For Middle Class Households+2Good For Urban Residents+2
- Social Issues And Justice
- Improves Racial Equity+5Improves Affordable Housing+4Improves Poverty Reduction+3
- Economy And Finance
- Improves Consumer Protection+4
- Governance And Ideology
- Improves Government Transparency+3
- 6/18/2026
- Referred to the House Committee on Financial Services.
- 4 Cosponsors added.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Alma AdamsDemocrat · North Carolina
Sylvia GarciaDemocrat · Texas
Gwen MooreDemocrat · Wisconsin
Bonnie Watson ColemanDemocrat · New Jersey