Congress proposes stricter rules for small-dollar loans, limiting surprise withdrawals and sale of bank info
A senate committee must act next: committee consideration.
No action since February 2025
This bill’s path across every version that has carried it.
How this policy affects specific groups of people
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
AFSA says the SAFE Lending Act would restrict certain check-based payments and require state-licensed installment lenders to register with the CFPB, arguing it would reduce access to credit.
Press release describing the SAFE Lending Act and its intended consumer protections targeting predatory payday lending practices.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
SAFE Lending Act of 2025
Analysis generated by AI. Always verify with official sources.