Legislative Activity
Track Cleo's sponsored bills, co-sponsored legislation, and voting record
This bill mandates a study by the CFPB and FTC on how incorporating additional financial data, such as rent and utility payments, would impact current credit scoring models.
Cleo Fields
Representative
LA
Cleo Fields
Representative
LA
This bill mandates that the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) jointly study the impact of incorporating additional financial data into credit scoring models. The required report will analyze how using factors like rent, utility payments, and bank transaction data could change credit risk assessments. This study must be submitted to Congress by December 31, 2025.
This Act enhances benefits for public school teachers by establishing full federal undergraduate loan forgiveness after eight years of service, providing a deferment period where interest does not accrue during teaching, and authorizing necessary tax information sharing for verification.
Cleo Fields
Representative
LA
Cleo Fields
Representative
LA
The Teacher Loan Forgiveness Enhancement Act establishes a new program allowing public school teachers to receive full federal undergraduate loan forgiveness after eight years of continuous service. This legislation also grants teachers a deferment period for loan payments, during which interest will not accrue while they are actively teaching. Furthermore, the bill permits the Treasury Department to share necessary tax information with the Department of Education to verify eligibility for these teacher loan forgiveness programs.