certain credit scoring models or versions, as the Bureau 
determines appropriate.’’; and 
(2) in the table of contents for such Act, by 
adding at the end the following new item: 
‘‘630. Credit scoring models.’’. 
SEC. 4. CONSUMER BUREAU STUDY AND REPORT TO CON-
GRESS 
ON 
THE 
IMPACT 
OF 
NON-TRADI-
TIONAL DATA. 
(a) STUDY.—The Bureau of Consumer Financial 
Protection shall carry out a study to assess the impact 
(including the availability and affordability of credit and 
other noncredit decisions, the potential positive and nega-
tive impacts on consumer credit scores, and any unin-
tended consequences) of using traditional modeling tech-
niques or alternative modeling techniques to analyze non- 
traditional data from a consumer report and of including 
non-traditional data on consumer reports on the following: 
(1) Consumers with no or minimal traditional 
credit history. 
(2) Traditionally underserved communities and 
populations. 
(3) Consumers residing in rural areas. 
(4) Consumers residing in urban areas. 
(5) Racial and ethnic minorities and women. 
(6) Consumers across various income strata, 
particularly consumers earning less than 120 per-
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cent of the area median income (as defined by the 
Secretary of Housing and Urban Development). 
(7) Immigrants, refugees, and non-permanent 
residents. 
(8) Minority financial institutions (as defined 
under section 308(b) of the Financial Institutions 
Reform, Recovery, and Enforcement Act of 1989 
(12 U.S.C. 1463 note)) and community financial in-
stitutions. 
(9) Consumers residing in federally assisted 
housing, including consumers receiving Federal rent-
al subsidies. 
(b) ADDITIONAL
CONSIDERATIONS.—In assessing 
impacts under subsection (a), the Bureau of Consumer Fi-
nancial Protection shall also consider impacts on— 
(1) the privacy, security, and confidentiality of 
the financial, medical, and personally identifiable in-
formation of consumers; 
(2) the control of consumers over how such in-
formation may or will be used or considered; 
(3) the understanding of consumers of how 
such information may be used or considered and the 
ease with which a consumer may decide to restrict 
or prohibit such use or consideration of such infor-
mation; 
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(4) potential discriminatory effects; and 
(5) disparate outcomes the use or consideration 
of such information may cause. 
(c) CONSIDERATION
OF
RECENT
GOVERNMENT 
STUDIES.—In assessing impacts under subsection (a), the 
Bureau of Consumer Financial Protection shall also con-
sider recent Government studies on alternative data, in-
cluding— 
(1) the report of the Bureau of Consumer Fi-
nancial Protection titled ‘‘CFPB Data Point: Be-
coming Credit Visible’’ (published June 2017); and 
(2) the report of the Comptroller General of the 
United States titled ‘‘Financial Technology: Agen-
cies Should Provide Clarification on Lenders’ Use of 
Alternative Data’’ (published December 2018). 
(d) REPORT.—Not later than 1 year after the date 
of the enactment of this Act, the Bureau of Consumer Fi-
nancial Protection shall issue a report to the Committee 
on Financial Services of the House of Representatives and 
the Committee on Banking, Housing, and Urban Affairs 
of the Senate containing all findings and determinations, 
including any recommendations for any legislative or regu-
latory changes, made in carrying out the study required 
under subsection (a). 
(e) DEFINITIONS.—In this section: 
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(1) ALTERNATIVE
MODELING
TECHNIQUES.— 
The term ‘‘alternative modeling techniques’’ means 
statistical and mathematical techniques that are not 
traditional modeling techniques, including decision 
trees, random forests, artificial neutral networks, 
nearest neighbor, genetic programming, and boost-
ing algorithms. 
(2) CONSUMER REPORT.—The term ‘‘consumer 
report’’ has the meaning given such term in section 
603 of the Fair Credit Reporting Act (15 U.S.C. 
1681a). 
(3) NON-TRADITIONAL DATA.—The term ‘‘non- 
traditional data’’ means data related to tele-
communications, utility payments, rent payments, 
remittances, wire transfers, data not otherwise regu-
larly included in consumer reports issued by con-
sumer reporting agencies described under section 
603(p), and such other items as the Bureau of Con-
sumer Financial Protection deems appropriate. 
(4) TRADITIONAL
MODELING
TECHNIQUES.— 
The term ‘‘traditional modeling techniques’’ means 
statistical and mathematical techniques (including 
models, algorithms, linear and logistic regression 
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methods, and their outputs) that are traditionally 
used in automated underwriting processes. 
Æ 
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