SAFE Lending Act: Congressional effort to protect consumers | New

U.S. Senator from Oregon Jeff Merkley joined Reps. Suzanne Bonamici (D-OR-01) and Pramila Jayapal (D-WA-07) to introduce the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act Act.






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




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

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