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To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,062 other HR bills in the 116th — cohort avg 39d
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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2020 · fourth_quarter · Financial Institutions/Investments/Securities
Consumer information disclosure - HR 5720 - Ban on Trigger Leads
Client expense: Not reported · Firm income: $40,000
Referred to the House Committee on Financial Services.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2020 · fourth_quarter · Housing
Support FHA managerial and technology improvements. Support changes to reduce excessive risk in the mortgage space while maintaining liquidity in the market. Support and preserve the availability of Federal Housing Administration (FHA), Veterans Administration (VA), and Rural Housing Service (RHS) single-family mortgage loans. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation. Monitor COVID-19 legislation and implementation. Monitor FHFA fees on GSEs.
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · fourth_quarter · Financial Institutions/Investments/Securities
Monitor financial services legislation that may impact independent mortgage brokers. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation. Monitor FHFA fees on GSEs.
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · third_quarter · Banking
Bank Loan originator testing. Disclosure of financial information when a consumer applies for a mortgage. HR 5720 - Prohibit Trigger Leads Act
Client expense: Not reported · Firm income: $40,000
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2020 · third_quarter · Financial Institutions/Investments/Securities
Consumer information disclosure - HR 5720 - Ban on Trigger Leads
Client expense: Not reported · Firm income: $40,000
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2020 · third_quarter · Financial Institutions/Investments/Securities
Monitor financial services legislation that may impact independent mortgage brokers. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation. Monitor FHFA fees on GSEs.
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · third_quarter · Housing
Support FHA managerial and technology improvements. Support changes to reduce excessive risk in the mortgage space while maintaining liquidity in the market. Support and preserve the availability of Federal Housing Administration (FHA), Veterans Administration (VA), and Rural Housing Service (RHS) single-family mortgage loans. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation. Monitor COVID-19 legislation and implementation. Monitor FHFA fees on GSEs.
Client expense: Not reported · Firm income: $20,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · second_quarter · Banking
Bank Loan originator testing. Disclosure of financial information when a consumer applies for a mortgage. HR 5720 - Prohibit Trigger Leads Act
Client expense: Not reported · Firm income: $50,000
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2020 · second_quarter · Financial Institutions/Investments/Securities
Monitor financial services legislation that may impact independent mortgage brokers. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation.
Client expense: Not reported · Firm income: $30,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · second_quarter · Housing
Support FHA managerial and technology improvements. Support changes to reduce excessive risk in the mortgage space while maintaining liquidity in the market. Support and preserve the availability of Federal Housing Administration (FHA), Veterans Administration (VA), and Rural Housing Service (RHS) single-family mortgage loans. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor loan forgiveness legislation. Monitor COVID-19 legislation and implementation. Monitor COVID-19 legislation and implementation.
Client expense: Not reported · Firm income: $30,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · first_quarter · Banking
Bank Loan originator testing. Disclosure of financial information when a consumer applies for a mortgage. HR 5720 - Prohibit Trigger Leads Act
Client expense: Not reported · Firm income: $50,000
Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Veterans Affairs, Dept of (VA)
2020 · first_quarter · Financial Institutions/Investments/Securities
Monitor financial services legislation that may impact independent mortgage brokers. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor COVID-19 legislation and implementation.
Client expense: Not reported · Firm income: $30,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · first_quarter · Housing
Support FHA managerial and technology improvements. Support changes to reduce excessive risk in the mortgage space while maintaining liquidity in the market. Support and preserve the availability of Federal Housing Administration (FHA), Veterans Administration (VA), and Rural Housing Service (RHS) single-family mortgage loans. H.R.5720 - "To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes." S.3533 - "Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020." Monitor COVID-19 legislation and implementation. Monitor COVID-19 legislation and implementation.
Client expense: Not reported · Firm income: $30,000
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), SENATE, Treasury, Dept of