The Comptroller General must study trigger leads received by text message
What the document says“The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message”
Section 4(a) directs the Comptroller General of the United States to carry out a study on the value of trigger leads received by text message. The study has to include input from State regulatory agencies, mortgage lenders, depository institutions, consumer reporting agencies and consumers. The section takes the meaning of depository institution from section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813) and of consumer reporting agency from section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a).
What the document actually says“The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message”
The head of the GAO must study the worth of trigger leads sent by text.
A trigger lead is a tip that you may want a loan. The study must ask states, lenders, banks, credit bureaus, and people what they think.
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