SAFE Lending Act of 2025

Hozzl · 2025-03-21T04:38:25Z

Explore the details of Senate Bill 780 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.

3/21/2025, 4:38 AM

Summary of Bill S 780

Bill 119 s 780, also known as the Truth in Lending Act Amendment, aims to make changes to the existing Truth in Lending Act in order to address specific issues related to the extension of consumer credit. The bill includes provisions that seek to enhance transparency and consumer protection in the credit industry.

One key aspect of the bill is the requirement for lenders to provide clearer and more comprehensive information to consumers about the terms and conditions of credit agreements. This includes disclosing the total cost of credit, including interest rates, fees, and other charges, in a more easily understandable manner.

Additionally, the bill aims to address issues related to predatory lending practices by imposing stricter regulations on lenders who engage in unfair or deceptive practices. This includes prohibiting certain practices that may harm consumers, such as charging excessive fees or engaging in discriminatory lending practices. Overall, the goal of Bill 119 s 780 is to ensure that consumers are better informed and protected when obtaining credit, and to promote fair and transparent practices in the credit industry. The bill seeks to strike a balance between protecting consumers and allowing for the continued availability of credit to those who need it.

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Current Status of Bill S 780

Bill S 780 is currently in the status of Bill Introduced since February 27, 2025. Bill S 780 was introduced during Congress 119 and was introduced to the Senate on February 27, 2025. Bill S 780's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 27, 2025

Bipartisan Support of Bill S 780

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Policy Area and Potential Impact of Bill S 780

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Alternate Title(s) of Bill S 780

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