SAFE Lending Act of 2025

Hozzl · 2025-03-20T09:23:23Z

Explore the details of House Bill 1658 SAFE Lending Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/20/2025, 9:23 AM

Summary of Bill HR 1658

Bill 119 HR 1658, also known as the Truth in Lending Act Amendment, aims to make changes to the Truth in Lending Act in order to address specific issues related to the extension of consumer credit. The bill also includes provisions for other purposes.

The Truth in Lending Act is a federal law that requires lenders to disclose key terms and costs of credit to consumers. This helps consumers make informed decisions when borrowing money. The proposed amendment seeks to improve upon this existing law by addressing certain issues that have arisen in the extension of consumer credit.

The bill includes provisions that aim to enhance transparency and accountability in the lending process. This includes requiring lenders to provide clearer and more comprehensive information to consumers about the terms and costs of credit. The bill also seeks to protect consumers from predatory lending practices and ensure that they are not taken advantage of by unscrupulous lenders. In addition to addressing issues related to consumer credit, the bill also includes provisions for other purposes. These may include measures to promote financial literacy among consumers, strengthen consumer protections, and enhance the overall effectiveness of the Truth in Lending Act. Overall, Bill 119 HR 1658 represents a concerted effort to improve the regulation of consumer credit and ensure that consumers are able to make informed decisions when borrowing money. By addressing key issues in the extension of consumer credit and promoting transparency and accountability in the lending process, the bill aims to protect consumers and promote fair and responsible lending practices.

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Current Status of Bill HR 1658

Bill HR 1658 is currently in the status of Bill Introduced since February 27, 2025. Bill HR 1658 was introduced during Congress 119 and was introduced to the House on February 27, 2025. Bill HR 1658's most recent activity was Referred to the House Committee on Financial Services. as of February 27, 2025

Bipartisan Support of Bill HR 1658

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Policy Area and Potential Impact of Bill HR 1658

Primary Policy Focus

Alternate Title(s) of Bill HR 1658

To amend the Truth in Lending Act to address certain issues relating to the extension of consumer credit, and for other purposes.To amend the Truth in Lending Act to address certain issues relating to the extension of consumer credit, and for other purposes.

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