S. 780In Committee
SAFE Lending Act of 2025
Creates added consumer protections for small-dollar lending and electronic payment practices, including remotely created checks, electronic fund transfers, lender registration, and prepaid account overdraft fees
Plain-English overview
What this bill does
Creates added consumer protections for small-dollar lending and electronic payment practices, including remotely created checks, electronic fund transfers, lender registration, and prepaid account overdraft fees
Key points
- Require lender registration
- Prohibit prepaid account overdraft fees
- Limit remotely created checks
- Extend electronic fund transfer protections
Current status
Where it stands
Status
In Committee
Latest action
2025-02-27 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector