The U.S. House Committee on Financial Services Chairman French Hill issued a statement after President Trump signed H.R. 2808, the Home Buyers Privacy Protection Act, into law, aiming to curb abusive mortgage data practices involving the sale of prospective homebuyers’ personal financial information. The law targets so-called “trigger leads”, where a mortgage application can trigger the sale of a consumer’s personal information to other lenders, often without the consumer’s express knowledge or consent. The Act is described as modernising the system by adding clear guardrails around the sale of trigger leads. It was authored by Representatives John Rose and Ritchie Torres and advanced through Congress with unanimous support in committee (46-0), a voice vote in the House, and unanimous consent in the Senate.
U.S. Financial Services Committee 2025-09-05
U.S. House Committee on Financial Services chair welcomes enactment of Homebuyers Privacy Protection Act to curb mortgage trigger leads
The U.S. House Committee on Financial Services announced the enactment of the Home Buyers Privacy Protection Act, signed by President Trump, to address abusive mortgage data practices. The law introduces clear regulations on the sale of "trigger leads," protecting consumers' personal financial information. Authored by Representatives John Rose and Ritchie Torres, the Act received unanimous support in Congress.