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House lawmakers back Home Buyers Privacy Protection Act to curb mortgage 'trigger leads'
Summary
Members and witnesses described how mortgage 'trigger leads' and data sales inundate prospective homebuyers with calls and texts; the committee discussed the Home Buyers Privacy Protection Act (HR 2808) and witness testimony supporting legislative relief.
Members of the House Financial Services Subcommittee and witnesses described widespread, unwanted marketing that follows mortgage credit checks and discussed a bipartisan bill that would curb that practice.
Why it matters: Witnesses said the sale of trigger leads—lists created when a consumer applies for a mortgage or has a credit inquiry—generates hundreds of calls and text messages at a stressful moment for consumers. Lawmakers said this practice is deceptive and that legislative limits would protect homeowners while preserving legitimate credit offers.
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