The mortgage industry is starting to work through major changes after a federal law restricting abusive trigger leads took effect this week, limiting when credit bureaus can sell a borrower’s information to competing lenders.

The policy stems from the Homebuyers Privacy Protection Act (S.B. 3502), which amends the Fair Credit Reporting Act to curb the practice of selling consumer data generated when a borrower applies for a mortgage. The Act was signed into law by President Donald Trump on Sept. 5, 2025.

After years of being lobbied for, the act cleared the House in June and the Senate details ⇒

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