SAFE Lending Act of 2025

The SAFE Lending Act of 2025 aims to protect consumers from abusive lending practices in small-dollar credit transactions. It prohibits unauthorized remotely created checks (checks not created by the consumer's bank and without their signature), requires written consumer consent for such checks (which can be revoked anytime), and bans fees for overdrafts on prepaid accounts. The bill also establishes a registration requirement for small-dollar lenders (those offering credit under $5,000 with specific repayment terms) and restricts lead generation activities that collect sensitive financial information without directly providing credit. Additionally, it mandates a study on small-dollar credit availability and impact on Native American Tribal members.