Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S511-512)
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Bill to eliminate predatory lending practices and protect borrowers from unfair loan terms.
The problem
Predatory lending harms consumers through high-interest loans, hidden fees, and exploitative terms that trap borrowers in debt cycles.
The proposal
Restricts predatory lending practices by establishing borrower protections, interest rate caps, fee limits, and lender accountability requirements.
The impact
Low-income borrowers, subprime loan consumers, and lending industry affected; borrowers may get better terms; lenders face new restrictions.
Consumers gain safeguards against exploitative loan terms and hidden fees. Protections help vulnerable populations avoid debt traps. Clear lending standards make terms easier to understand.
Reducing predatory lending strengthens household finances and credit health. Borrowers avoid excessive debt burdens. Fewer defaults benefit overall financial system.
Leveling the playing field prevents lenders from exploiting information gaps. Honest lenders compete fairly. Consumers make better financial decisions.
Prevents debt cycles that trap low-income families in poverty. Protections allow families to build wealth. Communities benefit from stronger local economies.
Interest rate caps may cause lenders to deny loans to high-risk borrowers. People with poor credit may lose access to emergency funds. Some borrowers prefer risky loans to no loan option.
Lenders face expenses implementing new regulations and compliance systems. Small lending companies may struggle with costs. Regulatory burden could reduce competition.
Restrictions may eliminate certain short-term lending products entirely. Borrowers lose options for quick emergency cash. Alternative lending markets may emerge unregulated.
Monitoring compliance across diverse lenders is difficult and expensive. Enforcement gaps could undermine bill effectiveness. Illegal lenders may expand to fill regulatory gaps.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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