H.R. 5083 — To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.

This section directs the Director of the Bureau of Consumer Financial Protection and the Chairman of the Federal Trade Commission to jointly submit to Congress, by December 31, 2025, a report on (1) the use of credit scoring models—as defined in the Fair Credit Reporting Act (15 U.S.C. 1681g(f)(2)(A))—that consider certain additional key factors, and (2) how such models affect creditors' evaluations of consumer creditworthiness. The key factors include (1) brokerage account statements; (2) payment history for installment contracts such as Buy Now, Pay Later; (3) electronic benefit transfer transaction records; (4) rental payment history; (5) utility payment history; (6) telecom and subscription-service payment history; (7) transaction data from depository institution and credit union accounts; (8) payroll deposit or deposit frequency data; (9) insurance payment history; (10) public record data on property ownership, business licenses, and court filings related to assets or real property; and (11) peer-to-peer financial transaction activity.