SAFE Lending Act of 2025

This bill adds new rules to protect people who use certain banking and lending services. It says that remotely created checks — checks not signed by the account owner — can only be made if the account owner gives written permission to their bank. It also requires small-dollar lenders to register with the Consumer Financial Protection Bureau and follow the laws of the state where the borrower lives. The bill gives people the right to stop electronic payments on small loans and bans overdraft fees on prepaid accounts.

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