The American Lending Fairness Act of 2026 allows states to opt out of federal interest rate preemption for loans made by state-chartered institutions.

The American Lending Fairness Act of 2026 seeks to restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks. It allows states to opt out of federal preemption only for loans made by their own chartered institutions. This means that if a state adopts a law or certifies voter approval to exempt state-chartered institutions from federal interest rate limits, those institutions can set their own rates.

The American Lending Fairness Act of 2026 allows states to opt out of federal interest rate preemption for loans made by state-chartered institutions.

The American Lending Fairness Act of 2026 seeks to restore and clarify the intent of the Federal interest rate exportation parity for State-chartered banks. It allows states to opt out of federal preemption only for loans made by their own chartered institutions. This means that if a state adopts a law or certifies voter approval to exempt state-chartered institutions from federal interest rate limits, those institutions can set their own rates.