H. R. 8142 aims to have the Bureau of Consumer Financial Protection evaluate how educational data is used when deciding if someone is creditworthy. The bill requires an annual assessment in collaboration with other agencies and civil rights groups, focusing on whether this...
Simple Explanation
H. R. 8142 wants to check how schools' information is used to decide if people deserve loans, to make sure it's fair and doesn't discriminate against anyone. They will look into this every year, tell everyone what they find out, and watch out for companies that might be unfairly using this information.