Credit Discrimination: 6.3.2.2 Regulation B Definition of Credit Scoring
Regulation B includes a definition of “credit scoring system,” which is described under the regulation as “an empirically derived, demonstrably and statistically sound, credit scoring system.”45 However, Regulation B makes limited use of this definition, referring to it only with respect to when creditors are permitted to consider information about age and public assistance status.46 The Fair Credit Reporting Act contains a definition of “credit score” that is different from that found under Regulat