The Center for Responsible Lending submitted this letter-for-the-record focused on opposition to H.R. 7866, a bill that would override state authority to block 100%+ APR loans issued by banks and through rent-a-bank schemes. The legislation was considered as part of a House Financial Services Committee hearing entitled “Strengthening the American Economy: Promoting Growth, Opportunity and Prosperity” and held on September 2, 2026.
