1/29/2013--Introduced.Stopping Abuse and Fraud in Electronic Lending Act of 2013 or SAFE Lending Act of 2013 - Amends the Electronic Fund Transfer Act to authorize the issuance of... Read More


This bill was introduced on Jan 29, 2013, in a previous session of Congress, but was not passed.


Date Introduced
Jan 29, 2013


Bill Text


To amend the Truth in Lending Act to address certain issues related to the extension of consumer credit, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,


This Act may be cited as the ``Stopping Abuse and Fraud in Electronic Lending Act of 2013'' or the ``SAFE Lending Act of 2013''.


(a) Prohibiting Unauthorized Remotely Created Checks.--Section 905 of the Electronic Fund Transfer Act (15 U.S.C. 1693c) is amended by adding at the end the following: ``(d) Limitations on Remotely Created Checks.-- ``(1) In general.--Subject to the limitations set forth under paragraph (2) and any additional limitations that the Bureau may establish, by rule, a remotely created check may only be issued by a person designated in writing by the consumer, such designation specifically provided in writing by the consumer to the insured depository institution at which the consumer maintains the account from which the check is to be drawn. ``(2) Additional limitations.-- ``(A) In general.--An authorization provided under paragraph (1) may be revoked at any time by the consumer. ``(B) Consumer financial protection laws.--No payment order, including a remotely created check, may be issued by any person in response to the exercise of, or attempt to exercise, any rights by a consumer under any Federal consumer financial law (as defined in section 1002(14) of the Consumer Financial Protection Act of 2010 (12 U.S.C....

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Sentiment Map



8 Supporting
15 Opposing
35% 65%

State: CA

1 Supporting
3 Opposing
25% 75%

District: 1st

0 Supporting
0 Opposing
0% 0%

Popularity Trend

Organizations Supporting

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Organizations Opposing

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Users Supporting

I support S. 172: SAFE Lending Act of 2013 because... These lenders are making money hand over fist. I did sign on for one of these loans from a tribal lender and have paid back the loan numerous times a 2600 dollar that i took out in 12/2012 i have paid the 2600 back but this has to keep going until I pay back about 5600. I paid 500 toword the principal alone but I have to keep paying 294.00 a month until next february,, This is truly scarey. but i must say that i was in need of an emergency money, and nobody held a knife to my throat to sign for this loan. but the amount of money to pay the loan back is astronomical.

2 years ago

Users Opposing

I oppose S. 172: SAFE Lending Act of 2013 Once upon a time I had a 5 yard dump truck, I could make $100 per load dumping. I had bought the truck used and invested in the engine which needed work. Then one bad day, the pumpkin (transmission gears to the back tires) burned up. While I could change it myself, the part cost $800. I didn't have $800. The truck was towed a small distance until I could get it off the public roads, it started getting stripped, ashtray, knobs, a joke really. But eventually it sat for more than three days and got towed. They wanted thousands to get it back when I finally figured out who took it. The lesson here is I didn't mortgage my life away. But clearly the investment wasn't worth it, I ate the COST.

2 years ago

I oppose S. 172 ("A bill to amend the Truth in Lending Act to address certain issues related to") because...the Federal Government has done enough damage to the American economy through deceptive acts that lead to the Sub-Prime Lending that lead to the collapse of the Housing Market and failed banks and government bailouts. "GOVERNMENT IS THE PROBLEM"! You just keep implement the goals defined in the 1958 book "The Naked Communist". Yes, you have been corrupted if you supported any of the goals of communism as defined in

3 years ago

Bill Summary

1/29/2013--Introduced.Stopping Abuse and Fraud in Electronic Lending Act of 2013 or SAFE Lending Act of 2013 - Amends the Electronic Fund Transfer Act to authorize the issuance of remotely created checks only if the consumer has designated in writing a person to issue them. Defines a "remotely created check" as one that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied, or purported to be applied, by the person from whose account the check is to be paid. Treats as a preauthorized electronic fund transfer (EFT) subject to the protections of such Act any voluntary repayment by a consumer of an extension of a small-dollar ($5,000 or less) consumer credit transaction by means of an EFT. Amends the Truth in Lending Act to require any small-dollar consumer credit transaction made over the Internet, telephone, FAX, mail, electronic mail, or other electronic communication, as well as any conducted by a national bank, to comply with the laws of the state in which the consumer resides with respect to annual percentage rates, interest, fees, charges, and such other matters as the Consumer Financial Protection Bureau (CFPB) may determine. Prohibits a person from facilitating, brokering, arranging, gathering applications for, distributing sensitive personal financial information, or extending credit in connection with a small-dollar consumer credit transaction unless that person is directly providing the small-dollar consumer credit to the consumer. Empowers the CFPB to investigate violations of this Act. Sets forth investigative and cease-and-desist enforcement procedures, particularly with respect to both covered onshore persons (state governments or Indian tribes) or offshore persons (which conduct business directed to U.S. residents but from a location outside, and without a domain name registered or assigned by an authority within, any U.S. judicial district). Directs the Government Accountability Office (GAO) to study the availability of capital on Indian reservations and the impact that small-dollar consumer credit extended through Internet and non-Internet means to members of Indian tribes has had upon economic opportunity and wealth for tribal members.

S. 171 Military Pay Continuation Act of 2013 S. 173SMART Act (Simplified, Manageable, And Responsible Tax Act)