Expanding Access to Credit through Consumer-Permissioned Data Act
Latest Action
Referred to the House Committee on Financial Services.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The Expanding Access to Credit through Consumer-Permissioned Data Act (H.R. 10316) is a legislative proposal introduced in the 118th Congress aimed at enhancing consumer access to credit by allowing consumers to grant permission for their data to be used in credit evaluations. The bill was referred to the House Committee on Financial Services but did not advance further and ultimately failed or expired. The bill falls under the policy area of Finance and Financial Sector. Specific details of the bill's provisions and full text are not available in the source data.
H.R. 10316 sought to improve credit access by enabling consumer-permissioned data use but did not progress beyond committee referral and expired without enactment.
- The bill focuses on expanding credit access through consumer-permissioned data.
- It was introduced in the House and referred to the House Committee on Financial Services.
- The bill did not advance and is listed as failed or expired as of the latest update.
['Consumers seeking greater access to credit', 'Financial institutions and credit reporting agencies that may utilize consumer-permissioned data', 'Potentially the broader financial sector through enhanced data use']
['Lack of available full bill text limits detailed understanding of implementation mechanisms and oversight provisions', 'Potential challenges in data privacy and security given the use of consumer-permissioned data', 'Unclear funding or enforcement mechanisms due to missing detailed legislative language']
The bill was introduced during the 118th Congress and referred to the House Committee on Financial Services. It did not advance beyond committee referral and is recorded as failed or expired. No further legislative actions or amendments are documented in the source data.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Potential increased competition among credit providers due to expanded data access', 'Possible shifts in consumer credit scoring models incorporating new data sources', 'Enhanced consumer control over personal data usage in financial contexts']
Transparency is limited by the absence of the full bill text and official summary, restricting comprehensive analysis. Oversight considerations include ensuring robust data privacy protections and clear enforcement mechanisms if the bill were to be enacted. Monitoring future legislative efforts on consumer data use in credit access is recommended.
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