Nikema Williams (D-GA)
Expanding Access to Credit through Consumer-Permissioned Data Act
A Democratic bill with 4 Democratic cosponsors · See all 4 cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Expanding Access to Credit through Consumer-Permissioned Data Act'', seeks to amend the Equal Credit Opportunity Act. It would require mortgage creditors to consider alternative credit information that is not reported through national credit reporting agencies. This alternative data can include items like bank statement information or rental payment information. To use this data, the applicant must request it, authorize it, and state that current credit reports do not fully reflect their creditworthiness. The bill also requires creditors to provide specific notices to applicants regarding these rights.
Yes· 3 of 11
- Scored +5
Would people in their twenties and thirties be better off under this?
The bill specifically benefits younger consumers who may lack traditional credit histories.
- Scored +5
Would households on low incomes be better off under this?
The bill facilitates mortgage access for low-income individuals by allowing them to use alternative data like bank statements.
- Scored +5
Would Black Americans be better off under this?
The bill targets underserved communities of color to increase their access to mortgage credit.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Access to Credit: The bill aims to help individuals with little or no credit history with national credit reporting agencies access mortgage loans (Section 2).
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Support for Specific Demographics: The use of alternative data may help expand mortgage access for borrowers with lower credit scores, low-income consumers, younger consumers, and communities of color (Section 2).
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Standardized Credit Assessment: Creditors would be required to treat provided alternative information with the same weight as information from a traditional consumer reporting agency (Section 3(b)).
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Enhanced Transparency for Applicants: Creditors must provide a notice explaining the applicant's right to provide additional information, including examples and the potential benefits (Section 3(c)(1)(A)).
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Language Accessibility: Required notices must be available in the eight languages most commonly spoken by individuals with limited English proficiency (Section 3(c)(2)).
Potential Negative Impacts for People
- Risk of Disregarded Information: Creditors have the right to disregard any provided alternative information if they determine the information is the result of a material misrepresentation (Section 3(b) and Section 3(c)(1)(B)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would Black Americans be better off under this? — The bill targets underserved communities of color to increase their access to mortgage credit. Would Hispanic Americans be better off under this? — The bill aims to increase credit access for populations of color, which include Hispanic communities. Would households on low incomes be better off under this? — The bill facilitates mortgage access for low-income individuals by allowing them to use alternative data like bank statements. Would people in their twenties and thirties be better off under this? — The bill specifically benefits younger consumers who may lack traditional credit histories. Would middle-income households be better off under this? — The bill provides more options for credit assessment that can benefit middle-income borrowers. Would people in cities be better off under this? — The inclusion of rental payment data specifically benefits those in rental markets often found in urban areas.
- Social Issues And Justice
- Does this narrow racial gaps in how people are treated? — The bill seeks to expand mortgage access for communities of color by allowing the use of alternative credit data like rental payments. Does this make housing cost less? — The bill helps improve access to mortgage loans, which is a key component of housing affordability. Is this likely to lift people out of poverty? — By expanding access to credit for low-income consumers, the bill supports financial stability and wealth building.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill enhances consumer protection by requiring specific notices regarding the rights to provide alternative credit information.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates clear, standardized notices to consumers about their rights and the use of their data.
- 6/18/2026
- Referred to the House Committee on Financial Services.
- 4 Cosponsors added.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Alma AdamsDemocrat · North Carolina
Sylvia GarciaDemocrat · Texas
Gwen MooreDemocrat · Wisconsin
Bonnie Watson ColemanDemocrat · New Jersey