WASHINGTON, D.C. – The Financial Technology Association (FTA) applauds Senator Bernie Moreno (R-OH) and Congressman Warren Davidson (OH-08) for introducing the bicameral American Lending Fairness Act of 2026, which provides needed clarity for banks, credit unions, and financial technology companies as they work to increase access to capital for consumers and small businesses.
“We applaud Senator Moreno and Congressman Davidson for their leadership in introducing the bicameral American Lending Fairness Act of 2026,” said Penny Lee, President and CEO of the Financial Technology Association. “This legislation will give consumers and small businesses more access to credit, enhance product offerings, and create a level playing field by ensuring consistent rules for nationwide lending. We look forward to supporting this effort as it progresses.”
America’s dual-banking system has driven innovation and competition for over 150 years – but only when state and federal banks compete on equal footing. The American Lending Fairness Act establishes clear standards for determining which state’s usury laws apply to loans originated by out-of-state, state-chartered institutions when a state opts out of the Depository Institutions Deregulation and Monetary Control Act of 1980. At the same time, it preserves meaningful state authority over institutions charted within their own borders.
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The Financial Technology Association (FTA) is a network of fintech leaders shaping the future of finance. We champion the power of technology-driven financial services to catalyze innovation and advocate for modernized policies and regulations that reflect the digital transformation.