SAFE Lending Act of 2025

This bill adds new protections for consumers in certain banking and lending situations. It requires written permission from consumers before anyone can create checks from their accounts without their signature, and gives consumers the right to stop electronic payments for small loans. Small-dollar lenders must register with the Consumer Financial Protection Bureau, and these loans must follow the laws of the state where the borrower lives. The bill also stops companies from charging overdraft fees on prepaid accounts.

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