Homebuyers Privacy Protection Act

This bill limits when credit reporting agencies can share your credit report with other companies when you're applying for a home mortgage. Under the bill, your credit report can only be shared with a third party if that party has your permission, already handles your mortgage or banking, or is making you a firm offer of credit or insurance. The bill also requires a government agency to study "trigger leads," which is a practice where credit reporting agencies share your information so that other companies can send you unwanted loan offers after you apply for credit.

Your Vote