Consumer Protection - Consumer Reporting Agencies - Use of Algorithmic Systems

Establishes requirements for consumer reporting agencies that use algorithmic systems to assemble or evaluate consumer credit information before furnishing reports to third parties. Requires the Commissioner of Financial Regulation to set assessment thresholds for the algorithms, mandate regular training for human reviewers, and implement a whistleblower protection program.

Summary generated by AI from the official bill text — may contain errors. Read the official text ↗ (opens in new tab)