YourVoice.Now Summary
Your MoneyCivil LibertiesCorporate BenefitsApply for a home loan and outside lenders would not hear about it — fewer surprise calls.
Your Money
Right now, rival lenders can buy your name the moment a bureau sees a mortgage credit check. Those pitches are one way some people find a lower rate, so you would compare lenders on your own.
Civil Liberties
When a lender checks your credit for a home loan, bureaus can sell that fact to other firms. That would be allowed only if you agree, or if the firm already holds your loan or your account.
Corporate Benefits
Banks and credit unions that hold your account are exempt, as is the firm that made or now handles your mortgage. They could still receive your report and make you a firm offer.
Firms that buy lists of new mortgage applicants would lose that source. They could still get your report by showing the bureau proof that you said yes.
More about this bill
Apply for a home loan, and other lenders often hear about it fast. Credit bureaus can share your name once a lender checks your credit. Calls, texts, and mail from companies you never contacted follow. Under this measure, bureaus could not pass your report along that way. Your own bank, credit union, mortgage lender, or loan servicer could still reach out. So could a company you gave permission to. The change would start 180 days after it becomes law. The Senate passed it on June 12, 2025; the House has not.
Congressional Summary
This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the bill prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer.These provisions take effect 180 days after the bill's enactment.
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- Date Added
- 2026-04-02
- Source
- Congress.gov →
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