The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups.

The House’s action follows the U.S. Senate’s approval of a similar bill (S. 1467) on June 13. Both bills prohibit companies from making credit offers unless the consumer has provided explicit consent or the offer comes from their mortgage originator, servicer, depository institution or credit union with an existing relationship.

However, offers must be “bona fide,” meaning the details ⇒

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