MS HC64

Urges Congress to enact legislation requiring data analytics companies that calculate credit scores to disclose their methods to consumers, including formulas, algorithms, and the relative weight of factors used.

Identifies that credit score calculation methods are currently proprietary trade secrets not shared with consumers or government agencies, limiting consumers' ability to improve financial decision-making.

Notes that while known factors like payment history, credit utilization, length of credit history, and new credit accounts are considered, many important methods remain undisclosed by these companies.

States that disclosure of credit score calculation methods is critical for consumers to manage finances responsibly and improve their financial stability, which would benefit Mississippi and the nation.

Directs copies of the resolution be sent to the President of the United States Senate, Speaker of the United States House of Representatives, Mississippi's congressional delegation, and Capitol Press Corps.