The Broker Action Coalition informed its members that the bill limiting credit trigger leads has been excluded from the Senate's NDAA, indicating significant legislative hurdles ahead.
BAC executives expressed skepticism about the bill's chances, noting that changes in Congress and industry lobbying for a diluted version pose serious obstacles to its passage.
Despite the bill having garnered support from over 130 legislators, BAC executives recognize that the current political landscape presents a 'steep uphill climb' to achieve passage before year-end.
Credit trigger leads, which result in borrowers receiving unsolicited contact from companies due to their credit information being sold, remain a controversial practice that the proposed legislation sought to address.
#credit-trigger-leads #national-defense-authorization-act #homebuyers-privacy-protection-act #broker-action-coalition #legislative-update
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