This bill requires mortgage lenders to consider additional credit information beyond traditional credit reports when evaluating borrowers, if the borrower requests and authorizes such consideration. The legislation targets the approximately 32 million Americans who lack sufficient credit history with national credit reporting agencies, a group that disproportionately includes low-income individuals, younger people, and people of color. Lenders would be required to treat alternative credit data, such as rental payment history or bank statement information, with the same weight as comparable information from traditional credit agencies, unless the lender determines the information is materially misrepresented. All mortgage lenders must provide applicants with written notice explaining their right to submit alternative credit information, with notices available in the eight most commonly spoken languages among limited English proficiency populations. The Consumer Financial Protection Bureau has 18 months from enactment to issue final regulations implementing these requirements.