SAFE Lending Act: Congressional Effort to Protect Consumers | News

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United States Senator from Oregon Jeff Merkley partnered with Representatives Suzanne Bonamici (D-OR-01) and Pramila Jayapal (D-WA-07) to introduce the Stop Electronic Lending Fraud and Abuse Act (SAFE ).






The SAFE Lending Act will protect consumers from deceptive and abusive practices, particularly in online payday loans.




The SAFE Lending Act will protect consumers from deceptive and predatory practices that strip working families of wealth by cracking down on some of the worst abuses stemming from the payday lending industry, particularly payday lending. payday online, according to a statement from Merkley.

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