Homebuyers Privacy Protection Act Heads to President Trump for Signature – A Win for Consumer Financial Privacy
Washington, D.C. (June 24,2025) – In a swift and bipartisan move,Congress has passed the homebuyers Privacy Protection Act (H.R. 2808/S. 1467),poised to significantly curb the sale of consumer data during the mortgage application process. The House’s passage today follows unanimous Senate approval earlier this month, sending the bill to President Donald Trump for his signature [[1]].
The legislation,championed by Reps. John Rose (R-Tenn.) and Ritchie Torres (D-N.Y.) and Sens. Jack Reed (D-R.I.) and Bill Hagerty (R-Tenn.), directly addresses the frustrating practice of “trigger leads” – the unsolicited barrage of calls and messages homebuyers receive from lenders after applying for a mortgage [[3]]. Currently,credit reporting agencies can sell applicants’ contact information,leading to a flood of solicitations [[2]].”ICBA and the nation’s community bankers applaud the House and Senate for swiftly passing their versions of the Homebuyers Privacy protection Act,” stated ICBA President and CEO Rebeca Romero Rainey. “This will give consumers more control over their private financial information and shield them from unwanted solicitations.”
Key Takeaways:
Bipartisan Support: The bill enjoyed strong bipartisan backing in both chambers of Congress.
Consumer Demand: Recent polling indicates overwhelming public support for the measure, with 63% of U.S.adults favoring restrictions on the sale of mortgage applicants’ data [[1]].
* What’s Next: Congress will reconcile minor differences between the House and Senate versions before sending a final bill to President Trump.
SEO Keywords: Homebuyers Privacy, Mortgage Leads, Trigger Leads, Financial Privacy, Consumer Protection, Housing Market, Mortgage Industry, ICBA, Congress, H.R. 2808, S. 1467.
Call to Action: Stay tuned to world-today-news.com for updates on the bill’s signing and further analysis of its impact on the mortgage industry and consumer financial privacy.
