S 3889 · 119th Congress

American Lending Fairness Act of 2026

This bill gives states more control over interest rate rules for banks and credit unions operating within their borders. Right now, federal law allows out-of-state banks and credit unions to charge interest rates based on their home state's rules, even when they make loans in other states. This bill lets individual…

Sponsor

Moreno, Bernie (R-Ohio)

Introduced

2026-02-12

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.