Political Quotes

“Mr. Speaker, before I get to the specifics of this bill, I extend my heartfelt gratitude to Congressman Ritchie Torres who has been an outstanding co-lead and steadfast advocate for the Homebuyers Privacy Protection Act. This has been a long journey leading up to today's vote, and I thank Representative Torres for his unyielding desire to put a stop to the scourge of abusive mortgage trigger leads. Mr. Speaker, H.R. 2808, the Homebuyers Privacy Protection Act will literally impact each and every consumer that applies for a mortgage in this country. Currently, credit bureaus are notified when a consumer applies for mortgage financing. That information, which is referred to as a trigger lead, is then often sold by the credit bureaus to data brokers and other lenders without the consumer's knowledge or approval. Consumers are then often bombarded with hundreds of unwanted solicitations. The Homebuyers Privacy Protection Act would dramatically reduce the number of unwanted calls and messages that millions endure during the home-buying process.”