The Community Home Lenders Association (CHLA) has taken action following the removal of a provision in a defense spending bill that would have prohibited the use of mortgage trigger leads. CHLA is now seeking assistance from the Consumer Financial Protection Bureau (CFPB) on this matter.
Key points:
– CHLA reacting to removal of defense spending bill provision banning mortgage trigger leads
– Turning to CFPB for support and guidance on the issue
The decision to remove the provision has prompted CHLA to explore other avenues for addressing concerns about mortgage trigger leads. With the CFPB being a key regulatory body in the mortgage industry, CHLA’s move to involve them highlights the seriousness of the issue and the need for regulatory oversight and intervention.
You can read this full article at: https://www.housingwire.com/articles/chla-urges-cfpb-action-on-trigger-leads-ndaa-failure/(subscription required)
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