S 780 · in committee · significant
SAFE Lending Act of 2025
- economy
What this bill does
- This bill adds protections for consumers in credit and banking, covering remotely created checks, electronic transfers, and overdraft fees.
- It affects consumers using small-dollar loans, prepaid accounts, and electronic banking services.
- Small-dollar lenders must register with the Consumer Financial Protection Bureau; rules take effect upon enactment.
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Community Threads
Started by Cosponsor
- 01
How might the registration requirement for small-dollar lenders with the CFPB affect the availability and cost of loans for low-income borrowers?
- 02
What evidence supports the claim that additional protections for remotely created checks and electronic transfers will reduce fraud without disrupting legitimate banking services?
- 03
Which consumer groups could benefit most from overdraft fee protections, and what trade-offs might emerge for banks offering checking accounts?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-OR
Jeff Merkley
Citizen cosponsors
0
In Congress
11/ 100
Senators cosponsoring
Introduced 2025-02-27
Joining the bill
Legislative timeline
2025-02-27 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-27 · IntroReferral
Introduced in Senate
Citizen comments
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