Bill116th CongressFiled Jan 30, 2020Finance and Financial Sector
H.R. 5720
To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 30, 2020)
This bill prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.
What just happenedJan 30, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Clay, Wm. Lacy [D-MO-1](D-MO)Sponsor
1committees3actions7subjects
- Introduced in HouseJan 30, 2020
- Jan 30, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 30, 2020IntroReferralIntro-H
Introduced in House
- Jan 30, 2020IntroReferral1000
Introduced in House