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Monday
Sep222025

What's New? Homebuyers Privacy Protection Act

DateMonday, September 22, 2025 at 9:57PM by AuthorBanking Spectrum

President Donald J. Trump signed into law the Homebuyers Privacy Protection Act on September 5, 2025, amending Section 604(c) of the Fair Credit Reporting Act (15 U.S.C. 1681b(c)) to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances.

Taking effect 5 March 2026 (180 days following the President’s approval) the bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions.

For more information, see our subsection in the Gold Book!

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