American Lending Fairness Act of 2026

Federal law lets state-chartered banks and insured credit unions charge interest rates allowed in their home state, even on loans to borrowers in other states, and an existing 1980 provision lets states opt out of this rule. This bill would change the opt-out so that a state could opt out only for loans made by banks and credit unions chartered by that same state. It would repeal the 1980 opt-out provision. It would also apply the new rules to state opt-out laws or voter-approved measures adopted before the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Warren Davidson Republican sponsor
• 7 cosponsors