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ARTICLE · 17 JUNE 2025

House Financial Services Committee Approves 'Trigger Leads' Bill

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The House Financial Services Committee has approved a bill that would restrict the...

United StatesFinance and Banking
Richard J. Andreano, Jr.
Richard J. Andreano, Jr.
John D. Socknat
John D. Socknat
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The House Financial Services Committee has approved a bill that would restrict the use of "trigger leads" in the mortgage industry.

The committee approved H.R. 2808, the Homebuyers Privacy Protection Act in a 46-0 vote. Companion legislation has been introduced in the Senate; no action has been taken on the legislation in that body. During the last Congress, the measure passed the Senate but was not passed by the House. Sens. Bill Hagerty, R-Tenn. and Jack Reed, D-R.I. have introduced the bill in the Senate.

Trigger leads are controversial for both consumers and mortgage industry participants. When a mortgage lender orders a credit report on a consumer, the credit bureau providing the report may then alert various other mortgage lenders who have subscribed to a service of that fact, which is a good indication that the consumer is seeking a mortgage loan.

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