HR 1658 · in committee · major
SAFE Lending Act of 2025
- economy
What this bill does
- This bill adds consumer protections for remote check creation, electronic fund transfers, and small-dollar lending practices.
- It affects consumers using small-dollar loans, prepaid accounts, and electronic banking services.
- Small-dollar lenders must register with the Consumer Financial Protection Bureau under these new rules.
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Community Threads
Started by Cosponsor
- 01
How might registration requirements for small-dollar lenders affect the availability and cost of loans for consumers with limited credit histories?
- 02
What specific protections does this bill add to remote check creation and electronic fund transfers that aren't currently in place?
- 03
Which groups of consumers rely most heavily on small-dollar lending, and how could these new regulations change their borrowing options?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-OR-1
Suzanne Bonamici
Citizen cosponsors
0
In Congress
3/ 435
House Reps cosponsoring
Introduced 2025-02-27
Joining the bill
Legislative timeline
2025-02-27 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-02-27 · IntroReferral
Introduced in House
2025-02-27 · IntroReferral
Introduced in House
Citizen comments
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