18-EA-36: FHFA - Validation and Approval of Credit Score Models

In order to implement Section 310 of S. 2155, the FHFA has proposed a rule to establish a validation and approval process for credit score models. The proposed rule would establish the following four-phase process: (1) solicitation of applications from credit score model developers; (2) initial review of submitted applications; (3) Credit Score Assessment; and (4) Enterprise Business Assessment.

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