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To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.

USA116th CongressHR-5720| House 
| Updated: 1/30/2020
Wm. Lacy Clay

Wm. Lacy Clay

Democratic Representative

Missouri

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.
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Timeline
Jan 30, 2020
Introduced in House
Jan 30, 2020
Referred to the House Committee on Financial Services.
  • January 30, 2020
    Introduced in House
  • January 30, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer creditConsumer Financial Protection BureauCredit and credit marketsHousing finance and home ownershipRight of privacy

To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.

USA116th CongressHR-5720| House 
| Updated: 1/30/2020
This bill prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 30, 2020
Introduced in House
Jan 30, 2020
Referred to the House Committee on Financial Services.
  • January 30, 2020
    Introduced in House
  • January 30, 2020
    Referred to the House Committee on Financial Services.
Wm. Lacy Clay

Wm. Lacy Clay

Democratic Representative

Missouri

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer creditConsumer Financial Protection BureauCredit and credit marketsHousing finance and home ownershipRight of privacy