Expanding Access to Credit through Consumer-Permissioned Data Act
Summary
Expanding Access to Credit through Consumer-Permissioned Data Act This bill requires the consideration of additional credit information by a mortgage lender when evaluating a consumer's creditworthiness if a consumer requests that this information be considered. This additional information includes current payment and transaction information such as bank statements and rental payment history. Mortgage lenders must provide notice to mortgage applicants of their rights under this bill. Additionally, federal agencies that insure, guarantee, supplement, assist, or underwrite federally backed mortgage loans must also comply with these requirements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2022
Committee Review
Floor Vote
President
Introduced Jul 22, 2022
Last action Jul 27, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Amendments
1
Jul 27, 2022
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
lower
Jul 27, 2022
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Jul 22, 2022
Committee
Referred to the House Committee on Financial Services.
lower
Jul 22, 2022
Introduced
Introduced in House
lower
1 primary · 9 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nikema Williams
DDemocratic
Co
Al Green
DDemocratic
Co
Alma S. Adams
DDemocratic
Co
Brad Sherman
DDemocratic
Co
Eleanor Holmes Norton
DDemocratic
Co
Jesús G. "Chuy" García
DDemocratic
Co
Madeleine Dean
DDemocratic
Co
Ritchie Torres
DDemocratic
Co
Stephen F. Lynch
DDemocratic
Co
Sylvia R. Garcia
DDemocratic
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