S 2781
Protecting Consumers from Unreasonable Credit Rates Act of 2025
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Protecting Consumers from Unreasonable Credit Rates Act of 2025, aims to establish a national usury rate of 36 percent for consumer credit transactions. It seeks to address high-cost lending practices like payday loans, car title loans, and overdraft fees, which disproportionately affect vulnerable consumers. The bill amends the Truth in Lending Act to create a consistent federal limit on interest rates and fees, closing loopholes that allow for excessive rates to be charged. It also encourages alternative, less predatory lending options.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.