Bill restricts mortgage lenders from buying homebuyers' credit data
H.R. 2808 — Homebuyers Privacy Protection Act · Filed by John Rose (R-TN) · 89 cosponsors · Introduced Apr 10, 2025 · Signed
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What it does
This bill restricts consumer reporting agencies from sharing credit reports based on mortgage-related requests unless the recipient is the original lender, current servicer, or the consumer's bank/credit union, or has explicit consumer authorization. It aims to prevent unsolicited marketing "trigger leads" (credit inquiries that prompt lenders to solicit homebuyers) from being sold to third parties without consent, protecting homebuyers from unwanted solicitations during the mortgage process.
Why we flagged it
The bill's operative mechanism restricts data sales and marketing solicitations targeting homebuyers. It is fundamentally a privacy and consumer-protection measure, not a financial or regulatory carve-out.
- Section 4 mandates a 12-month GAO study on the value of text-message trigger leads, unrelated to the bill's core prescreening restriction mechanism.
What the text implies
- Consumer reporting agencies will lose revenue from prescreening lead sales to non-affiliated lenders, potentially reducing their profitability and market competition in the lead-generation space.
- Mortgage lenders and servicers retain privileged access to prescreening reports, creating a competitive advantage for established players over new market entrants without existing customer relationships.
- The 180-day implementation window may create a brief period of regulatory arbitrage as agencies adjust compliance systems.
- The GAO study may inform future legislation on trigger-lead regulation, potentially expanding or narrowing the prescreening restrictions depending on findings.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Homebuyers gain privacy protection and reduced unwanted solicitations during a vulnerable financial transaction. Consumer reporting agencies lose revenue from selling prescreening leads, but that loss does not harm ordinary citizens—it prevents a practice that exploits consumer data for marketing without consent.
Named in the bill
Fair Credit Reporting Act (FCRA), Consumer reporting agencies, Federal credit unions, State credit unions, Insured depository institutions, Mortgage servicers, Residential mortgage lenders, Comptroller General (GAO), Federal Credit Union Act, Federal Deposit Insurance Act, S.A.F.E. Mortgage Licensing Act of 2008, Real Estate Settlement Procedures Act of 1974
Where it stands
89 cosponsors: 55 Republicans, 33 Democrats, 1 Independents.
- Apr 10, 2025 — Introduced · Congress.gov: “Introduced in House”
- Apr 10, 2025 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
- Jun 10, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Jun 10, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 0”
- Jun 23, 2025 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2876)”
- Jun 23, 2025 — Floor vote scheduled · Congress.gov: “Mr. Rose moved to suspend the rules and pass the bill, as amended”
- Aug 2, 2025 — Passed both chambers · Congress.gov: “Passed Senate without amendment by Unanimous Consent. (consideration: CR S5522)”
- Aug 25, 2025 — Sent to president · Congress.gov: “Presented to President”
- Sep 5, 2025 — Signed into law · Congress.gov: “Became Public Law No: 119-36”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
8 lobbying clients named this bill on 10 disclosure filings across 2 quarters, Dec 2025 to Jun 2026. Those filings disclosed $22,775,000 in lobbying spend. A filing names 12 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 88% of bills with at least one filing.
John Rose, the sponsor, reported $19,000 in PAC receipts in the 2026 cycle.
- National Association of Realtors — $14,580,000 on 1 filing
- AARP — $5,300,000 on 1 filing
- Mortgage Bankers Association — $1,220,000 on 1 filing
- United Services Automobile Association — $550,000 on 1 filing
- Rocket Lp Fka Rkt Holdings — $520,000 on 1 filing
Lobbying Disclosure Act filings through Jul 20, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (2,887 characters) on Apr 9, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-10-20.
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