H.R. 2374 would amend the Fair Credit Reporting Act to make credit scores available to consumers once each year free of charge and to allow consumers to see the credit score used in connection with any particular lending or credit decision.
Detailed Summary
Credit Score Fairness Act of 2009 - Amends the Fair Credit Reporting Act to require: (1) each consumer reporting agency to make credit scores available to consumers once each year without charge; and (2) certain creditors (other than mortgage lenders) to disclose consumer credit scores that were used in making any determination with respect to extending the consumer credit.
Status of the Legislation
Latest Major Action: 5/12/2009: Referred to House committee. Status: Referred to the House Committee on Financial Services.
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Points Against
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