The U.S. Senate on Thursday unanimously passed the Homebuyers Privacy Protection Act (S. 1467), a bipartisan bill aimed at curbing the abusive use of trigger leads in the mortgage industry—a move widely applauded by mortgage trade groups.

The Senate action follows the House Financial Services Committee’s approval of a similar bill (H.R. 2808) earlier this week. That version is now headed to the House floor for a vote.

Both bills would prohibit companies from making credit offers via phone, email, text, or mail unless the consumer has provided explicit consent, details ⇒

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