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Scheduled Website Maintenance Alert: The ICBA website will undergo maintenance starting at 7 p.m. (Eastern Time) on April 28. During this period, access to profile updates and purchases will be unavailable. Normal operations are expected to resume on April 29. We apologize for any inconvenience this may cause. For urgent assistance, please contact [email protected].
ICBA sent a letter to Senators Jack Reed (D-R.I.) and Bill Hagerty (R-Tenn.) to thank them for introducing the Homebuyers Privacy Protection Act (S. 1467) and offer support for the bill, which would help protect the financial privacy of mortgage applicants.
ICBA noted that the bill would amend the Fair Credit Reporting Act to prohibit a credit reporting agency from selling “trigger leads” when a consumer applies for a residential mortgage unless the consumer has opted into the creation and sale of such leads or if certain exceptions apply.