As previously reported, bills were introduced in the U.S. House of Representatives (H.R. 7297) and U.S. Senate (S. 3502) to amend the Fair Credit Reporting Act (FCRA) to curtail the practice of trigger leads with mortgage loans. Recently, a diverse group sent a letter to the Chairs and Ranking Members of the House Committee on Financial Services and the Senate Committee on Banking, Housing & Urban Affairs expressing support for the bills. The letter provides that if enacted into law, the bills “would stop the abusive use of trigger leads – while narrowly preserving them for legitimate uses such as existing customer relationships.” The group includes financial industry trade associations, consumer groups and mortgage lenders.

[View source.]