0
0

To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.

2/9/2022, 12:55 AM

Congressional Summary of HR 5720

This bill prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill HR 5720

Bill HR 5720 is currently in the status of Bill Introduced since January 30, 2020. Bill HR 5720 was introduced during Congress 116 and was introduced to the House on January 30, 2020.  Bill HR 5720's most recent activity was Referred to the House Committee on Financial Services. as of January 30, 2020

Bipartisan Support of Bill HR 5720

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5720

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Consumer Financial Protection Bureau
- Consumer credit
- Credit and credit markets
- Housing finance and home ownership
- Right of privacy

Alternate Title(s) of Bill HR 5720

To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.
To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.

Comments

Sponsors and Cosponsors of HR 5720

Wm. Lacy Clay
Wm. Lacy Clay
MissouriDemocrat

Latest Bills

PROTECT Taiwan Act
Bill HR 1531December 4, 2025
Retirement Fairness for Charities and Educational Institutions Act of 2025
Bill HR 1013December 3, 2025
To require public elementary and secondary schools to disclose certain funds received from, or contracts with, a foreign source, and for other purposes.
Bill HR 1005December 3, 2025
Veterans’ Compensation Cost-of-Living Adjustment Act of 2025
Bill S 2392December 3, 2025
Critical Mineral Dominance Act
Bill HR 4090December 3, 2025
REUSE Act of 2025
Bill S 2110December 3, 2025
Protecting Access for Hunters and Anglers Act
Bill HR 556December 3, 2025
SUPPORT for Patients and Communities Reauthorization Act of 2025
Bill HR 2483December 3, 2025
Working Families Flexibility Act of 2025
Bill HR 2870December 3, 2025
Taiwan Assurance Implementation Act
Bill HR 1512December 3, 2025