The trigger leads bill aims to restrict credit reporting agencies from sharing borrower information without consent, addressing complaints about unsolicited solicitations in the mortgage industry.
The legislative effort faces challenges in the House, despite bipartisan support, as procedural and policy concerns from committee leadership threaten its progress.
Mortgage groups like the MBA remain optimistic, pledging to collaborate with over 130 cosponsors in Congress to advocate for the bill's passage in the upcoming session.
Brendan McKay highlighted that while it's technically possible for the bill to pass through the House this year, it's seen as very unlikely.
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