Expanding Access to Credit through Consumer-Permissioned Data Act
Key claim: HR9380 would expand consumer access to credit by allowing consumers to permission their own financial data for use in credit decisions, and has been referred to the House Committee on Financial Services.
Abstract
(HR9380 · 119th Congress) Latest action (2026-06-18): Referred to the House Committee on Financial Services.
Why this matters
Consumer-permissioned data frameworks shift control over financial records toward individuals, letting them opt into sharing bank and payment history with lenders to broaden credit eligibility. For companies, such regimes create new duties around consent capture, data portability, and downstream use limitations that overlap with CFPB Section 1033 open-banking rulemaking. The bill is at an early legislative stage, so operative rights and obligations remain undefined.