Senators Introduce American Lending Fairness Act to Clarify DIDMCA Opt-Out Authority

On February 12, Senator Bernie Moreno introduced the American Lending Fairness Act of 2026, legislation that would amend the Federal Deposit Insurance Act and the Federal Credit Union Act to clarify the scope of federal interest rate exportation for state-chartered banks and credit unions.... By: Sheppard Mullin Richter & Hampton LLP