American Lending Fairness Act of 2026

This bill allows states to opt out of federal interest rate rules for out-of-state lenders. It amends banking laws to let states pass laws or get voter approval stating they don't want federal interest rate limits to apply to loans from institutions chartered in other states. Financial institutions (like banks and credit unions) based in one state would then be subject to the interest rate rules of the state where the loan is made, not federal rules. This directly affects out-of-state lenders operating in states that adopt such opt-out measures, changing how interest rates are regulated for their loans.