Expanding Access to Credit through Consumer-Permissioned Data Act

Summary

The bill would permit consumers to give lenders permission to use their personal data when evaluating credit applications. By expanding the data sources lenders can consider, the measure aims to help people who lack traditional credit histories obtain loans. It is currently referred to the House Committee on Financial Services.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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