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OH HCR4
Concurrent Resolution
Status
Introduced
2/17/2021
Primary Sponsor
Catherine Ingram
Click for details
AI Summary
- Urges the United States Congress to review and evaluate credit reporting agencies and the impact of credit scores and ratings on economic inequities
- States that credit scoring reflects and perpetuates racial and economic inequality, particularly affecting access to affordable credit, employment, housing, and insurance
- Notes that credit-scoring systems have a significant disparate impact on people of color and underserved consumers despite using seemingly neutral factors
- Asserts that fixing the credit-scoring system is both a moral imperative and a legal obligation under the Fair Housing Act and Equal Credit Opportunity Act
- Directs the Ohio House Clerk to transmit copies of the resolution to federal officials, the Ohio congressional delegation, the Governor of Ohio, and Ohio news media
Legislative Description
Urge Congress evaluate credit reporting agencies, rating effects
Commerce
Last Action
Introduced and Referred to Committee: Financial Institutions
2/17/2021
Committee Referrals
Financial Institutions2/17/2021
Full Bill Text
No bill text available