Congressman Keith Ellison

Representing the 5th District of Minnesota


Reps. Ellison, Fitzpatrick introduce bipartisan Credit Access and Inclusion Act

Jul 14, 2015
Press Release

WASHINGTON – Rep. Keith Ellison (D-MN) and Rep. Mike Fitzpatrick (R-PA) today introduced the Credit Access and Inclusion Act of 2015 (H.R. 3035), which would allow for a more thorough, fair evaluation of an individual’s credit worthiness.

“Millions of Americans lack credit scores or have scores that are too low to gain access to affordable credit,” Rep. Ellison said. “The problem disproportionately affects young people, African-Americans, Latinos and immigrants, many of whom can't establish a credit score without taking on debt. Congress should give companies permission to thicken credit reports with predictive alternative data, like payments on gas, water, electric, heating oil, cable TV, broadband, wireless cellphone bills and rent payments.”

“Reporting utility and telecoms payments to credit reporting agencies provides a simple, universal solution that builds credit scores without federal funds or mandates and helps address credit invisibility,” said Rep. Fitzpatrick. “This easy-to-support legislation works for those who need access to crucial loans the most, and levels the playing field in the credit market.”

The bipartisan Credit Access and Inclusion Act (H.R. 3035) would allow utility and telecom companies and landlords to report on-time payment data to credit reporting agencies—helping those with little to no credit build their credit scores based on a full picture of their payment history.

Nearly 100 million Americans would be able to establish a credit score, or raise their existing score with the implementation of this legislation. People who lack credit accurate scores face significant economic harm. Those with no or insufficient credit history are considered high risk, and can be rejected when they apply for credit.  People with no credit score can also pay higher rates for car and homeowners’ insurance.