H.R. 3618: Free Credit Scores for Consumers Act of 2019

116th Congress

To establish requirements relating to credit scores and educational credit scores, and for other purposes.

Sponsor: Rep. Joyce Beatty — D — OH

Requires credit reporting agencies (CRA) to: ● Provide to consumers, annually upon request, a statement containing a FICO credit score, an educational credit score (which measures credit risk, but cannot be used by lenders), or an explanation why neither can be furnished. Besides the credit score itself, the statement would identify factors that contributed to the score, the range of possible scores under the model used, and the distribution of scores among recipient consumers. ● Provide to consumers, upon request, their past two years of credit scores on file. ● Include a free credit score with any free credit report that must be furnished under current law. (For example, CRAs must provide a free credit report to consumers that assert they are identity theft victims.) ● Increase transparency efforts and to notify consumers of their right to receive free credit reports and scores.

View the full vote history of this bill on GovTrack.us.