What Borrowers Need to Know About Credit Scoring Models and Credit Scores

July 30, 2008

WASHINGTON, DC— The Subcommittee on Oversight and Investigations, today conducted hearing to examine credit scoring and what borrowers need to know about it. Specifically, this hearing will hear testimony about the use of credit scoring models and credit scores in the extension of credit cards and mortgage credit and how borrowers and consumers can understand the models and get access to their credit scores.

Congressman Watt said, “I hope this hearing will help take some of the mystery out of the credit scoring process and provide guidance on what steps need to be taken to ensure that consumers have the information they need to make informed credit decisions.”

Witness List & Prepared Testimony:

Panel One


Panel Two



Member Statements

Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.