MBA Applauds Senate Inclusion Of Trigger Leads Amendment In Fiscal Year 2025 NDAA
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement after Senate Armed Services Committee Chairman Jack Reed (D-RI) and Ranking Member Roger Wicker (R-MS) included Senate Amendment 2358, the text of the MBA-supported bill to end the abusive use of mortgage trigger leads (“Homebuyers Privacy Protection Act”), as part of their managers’ amendment to the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA):
“MBA has led a diverse set of coalition partners to help advance needed reforms that would curb trigger lead abuses while preserving their use in appropriately limited circumstances during a real estate transaction.
“We commend the bipartisanship leadership of Senator Bill Hagerty (R-TN) and Chairman Reed, along with their 40 bipartisan Senate cosponsors, to advance this carefully-calibrated consumer protection amendment as part of the NDAA debate.
“MBA will continue to work with lawmakers on both sides of the aisle — including trigger lead reform champions Rep. John Rose (R-TN) and Ritchie Torres (D-NY) – to highlight the importance of preserving this important proposal during the forthcoming Senate debate and eventual NDAA negotiations between House and Senate leaders later this year.”
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