Tag: Trigger Lead
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Banking Groups, Mortgage Lenders, Consumer Advocates Join Together to Endorse Bill Limiting Sale of Trigger Leads
An issue where bankers, lenders, and consumer advocates all find themselves on the same side? How rare is that? About two dozen companies and trade associations have sent a letter to the leaders of the Senate Banking and House Financial Services Committees, asking them to move forward with a bill that has been introduced in…
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Bill Introduced in House to Ban Sale of Mortgage Trigger Leads
A bipsartisan bill has been introduced in the House of Representatives that would ban credit reporting agencies from selling trigger leads when consumers apply for mortgages. The Background: The Homebuyers Privacy Protection Act, H.R. 7297, was introduced by Rep. John Rose [R-Tenn.] and has 12 cosponsors, including Rep. Ritchie Torres [D-N.Y.], Rep. Wiley Nickel [D-N.C.],…