House passes bill curtailing abusive mortgage trigger leads

The House voted to pass the credit union-backed Homebuyers Privacy Protection Act (H.R. 2808) Monday. Reps. John Rose, R-Tenn., and Brad Sherman, D-Calif., both mentioned credit union support for the legislation during debate.

The bill will curtail the abuse of mortgage trigger leads by limiting who can access this information. The Senate passed its version of the bill just a week ago by unanimous consent. The minor differences between the two versions must now be reconciled by the two chambers. 

America’s Credit Unions President/CEO Jim Nussle offered a statement of support following the bill's passage: 

“Consumers looking to purchase a home deserve to have their privacy respected and their data secured. We thank the House of Representatives for protecting the privacy of homebuyers by passing the Homebuyers Privacy Protection Act (H.R. 2808). Stopping the abusive use of trigger leads will allow consumers to seek lending from their trusted credit unions without the fear of their data being sold off or receiving unsolicited calls seeking to lure them away from their trusted lender. We urge Congress to quickly reconcile the House and Senate versions and get the bill to the President to sign into law and further protect consumers seeking their American Dream.”

Nussle had reiterated America's Credit Unions' support for the bill in a letter to House leadership ahead of the bill's consideration.