MBA Applauds House Passage Of Trigger Leads Bill
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the U.S. House of Representatives passing the Homebuyers Privacy Protection Act (H.R. 2808):
“The passage of this consequential bill, on the heels of the Senate passing its similar bill on June 12th, is another important step forward in our fight to provide relief for consumers who face a torrent of unwanted emails, texts, and phone calls the moment they apply for a mortgage.
“After two years of unrelenting advocacy efforts, MBA and its members are more optimistic than ever that the abusive use of mortgage credit trigger leads is close to an end.
“We thank House Financial Services Chairman French Hill (R-AR) and lead bill sponsors Rep. John Rose (R-TN) and Rep. Ritchie Torres (D-NY) for their critical leadership during each step of the legislative process, as well as all lawmakers who voted in favor of the bill.
“MBA will continue to work with the sponsors and congressional leadership in both chambers to reconcile the minor differences between the two bills so that one bill can be passed and signed into law as soon as possible.”
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