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 would require the Director of the Bureau of Consumer Financial Protection and the Chairman of the Federal Trade Commission to jointly report to Congress on how credit scoring models that use alternative financial and transaction data affect the ways creditors evaluate consumer creditworthiness. The agencies must study 11 specified "key factors" such as rental and utility payments, Buy Now, Pay Later histories, brokerage account statements, payroll deposits, electronic benefit transfer records, insurance payments, public property records, and peer-to-peer transactions by December 31, 2025.