Examining Educational Redlining in Lending Act

This bill requires the Consumer Financial Protection Bureau (CFPB) to assess how lenders use educational data in credit decisions. Specifically, the CFPB must evaluate: (1) whether lenders consider factors like college attendance, majors, or test scores when determining creditworthiness, (2) how algorithmic underwriting processes may create bias, and (3) whether policies prevent discriminatory outcomes. The CFPB must publish annual findings and lender lists publicly and submit reports to Congress detailing risks and recommendations. This directly affects lenders (defined as "covered persons" under existing law) that use educational data in credit underwriting, aiming to identify potential discrimination against protected groups.