New Law Protects Black Homebuyers from Predatory Credit Practices

Written by Sessions Lending Group, LLC | NMLSR ID 2531674

On September 5, 2025, a major victory for homebuyers—and especially for Black Americans navigating the mortgage process—was signed into law. The Homebuyers Privacy Protection Act (H.R. 2808) is now official, and it brings long-overdue safeguards to protect your personal financial information during one of life’s biggest milestones: buying a home.

What This Law Does

This bipartisan legislation amends the Fair Credit Reporting Act (FCRA) to stop credit reporting agencies from selling your credit information—known as “trigger leads”—without your permission. These leads are often sold to third-party lenders the moment you apply for a mortgage, flooding your phone and inbox with unsolicited offers, many of which are misleading or predatory.

Under the new law, your credit report can only be shared if:

• You explicitly consent to it,

• The lender has a pre-existing relationship with you, or

• The offer is a firm offer of credit or insurance.

This means no more surprise calls, no more bait-and-switch offers, and no more exploitation of your financial data.

Why This Matters for Black Communities

For Black Americans, who already face systemic barriers in housing and lending, this law is a powerful step toward equity. Trigger leads have disproportionately affected our communities by:

• Exposing buyers to scams that promise low rates but deliver high fees,

• Undermining trust in legitimate lenders,

• And complicating the homebuying journey with confusion and misinformation.

By limiting who can access your credit data, this law helps ensure that your path to homeownership is safer, clearer, and more respectful of your privacy.

What You Can Do Next

• Work with trusted lenders like Sessions Lending Group who prioritize your privacy and financial well-being.

• Know your rights under the new law—ask questions and demand transparency.

• Spread the word to friends and family who are thinking about buying a home.

This is more than a policy change—it’s a protection of your power, your privacy, and your path to generational wealth.

---

Sessions Lending Group, also known as SLG, offers our clients a tailored comprehensive macro approach to short and long-term goals. https://sessionslending.com/