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

Summary

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

1. 30 January 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 30 January 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 January 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 January 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 January 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 January 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 January 2020

  Open at official source

Sponsors

• WM. CLAY · D · Sponsor
• · hsba00 · Standing

Related records

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