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

Ending Importation of Russian Oil Act
Bill HR 6968March 11, 2026
HONOR Act
Bill S 327March 11, 2026
Making further consolidated appropriations for the fiscal year ending September 30, 2026, and for other purposes.
Bill HR 7147March 11, 2026
A bill to prohibit the Department of Homeland Security from constructing, acquiring, renovating, or operating any new processing site or detention center without providing a mechanism for public comments regarding such activity, entering into a signed, written agreement with appropriate State and local officials, and providing Congress with advance notice of such activity.
Bill S 3894March 11, 2026
A bill to amend title 10, United States Code, to authorize representatives of veterans service organizations to participate in presentations to promote certain benefits available to veterans during preseparation counseling under the Transition Assistance Program of the Department of Defense, and for other purposes.
Bill S 3938March 11, 2026
A bill to amend the Elementary and Secondary Education Act of 1965 to expand access to school-wide arts and music programs, and for other purposes.
Bill S 4018March 11, 2026
A bill to allow States to require payment of State fees related to boating as a condition for issuance of a vessel number and to collect such fees in conjunction with other fees related to vessel numbering.
Bill S 3985March 11, 2026
A bill to restore competition in the meatpacking industry by reducing excessive concentration and market power and ultimately reduce prices for American consumers, and for other purposes.
Bill S 4007March 11, 2026
A resolution requesting information on the Republic of Guatemala's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 636March 11, 2026
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
Bill S 4042March 11, 2026