S.2781

The bill proposes a national usury cap of 36% on consumer credit transactions.

The Protecting Consumers from Unreasonable Credit Rates Act of 2025 aims to amend the Truth in Lending Act by establishing a national maximum interest rate of 36% for consumer credit transactions. The bill defines the fee and interest rate to include all charges related to the extension of credit, such as fees, charges, and payments. It also mandates disclosure of these rates and allows for adjustments to protect consumers.