An amendment numbered 6 printed in Part B of House Report 116-383 to stipulate that if a credit scoring agency changes their model s uch that it may negatively impact the credit scores for a group of consumers, then the Consumer Financial Protection Bureau has the option to review the new model and prohibit the change if they find the change is inappropriate.

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Amendment Number
758
Description
An amendment numbered 6 printed in Part B of House Report 116-383 to stipulate that if a credit scoring agency changes their model s uch that it may negatively impact the credit scores for a group of consumers, then the Consumer Financial Protection Bureau has the option to review the new model and prohibit the change if they find the change is inappropriate.
Purpose
An amendment numbered 6 printed in Part B of House Report 116-383 to stipulate that if a credit scoring agency changes their model s uch that it may negatively impact the credit scores for a group of consumers, then the Consumer Financial Protection Bureau has the option to review the new model and prohibit the change if they find the change is inappropriate.
Congress
116
Type
HAMDT
Latest Action Date
Jan 29, 2020
Latest Action Text
On agreeing to the Gottheimer amendment (A006) Agreed to by voice vote.
Latest Action Time
15:05:59
Submitted Date
Jan 29, 2020
Chamber
House of Representatives
Update Date
Feb 8, 2022
Amendment 758 — Informed