MBA Praises The Reintroduction Of House And Senate Bills To Stop Abusive Trigger Leads
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the reintroduction of the Homebuyers Privacy Protection Act in the U.S. House of Representatives and Senate:
“MBA has worked closely with industry stakeholders and a large, bipartisan group of lawmakers in the House and Senate to push for action that ends the abusive use of mortgage credit leads.
“Consumers remain vulnerable to trigger leads abuses, and we believe strongly that this common-sense legislation will curb the practice while preserving its value in appropriately limited circumstances.
“We commend trigger lead reform champions Senators Bill Hagerty (R-TN) and Jack Reed (D-RI) and Reps. John Rose (R-TN) and Ritchie Torres (D-NY) for their leadership, as well as the large bipartisan group of lawmakers for co-sponsoring the reintroduction of these companion bills. We will continue to advocate for House and Senate leaders to pass these measures into law as soon as possible.”
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
