Video & Transcript : 'lender cap' :

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AZ

Arizona 2026 Regular Session

02/03/2026 - House Commerce

House Commerce Committee of Reference

Transcript Highlights:
  • And so if there's a subscription, is there a cap on this subscription, or meaning like is there a cap
  • get reimbursed for lender errors.
  • get reimbursed for lender errors.
  • We are calling for a 36% rate cap.
  • We need real limits. ...cap to prevent triple-digit interest rates.
Summary: The House Commerce Committee heard House Bill 2181, which would extend the deadline for funeral establishments or responsible individuals to complete and submit death certificates. The committee adopted an amendment reducing the maximum extension to 14 days and clarifying that the medical certification deadline for health care providers excludes weekends and holidays. Testimony from a mortuary owner and the sponsor described delays caused by doctors’ schedules, county processing, holidays, and families needing more time; some members argued the bill did not address the underlying accountability problems for doctors and counties, while others supported the added flexibility. HB 2181 was approved 6-4-1 with a due pass recommendation. The committee then heard House Bill 2682, which creates a DES rental assistance program providing up to two months or $5,000 in aid and appropriates $5 million from the general fund for administration. Supporters said the bill would help families facing short-term crises stay housed, reduce evictions, and serve as a preventive measure that could save money downstream; a constituent testified in Spanish about receiving emergency rental help after falling behind. Some members raised concerns about the program’s cost, the limited target population, and whether seniors should be included, while others supported it as a pilot and asked for possible amendments. HB 2682 passed 7-4. House Bill 2698, which creates a rental assistance study committee to evaluate the effectiveness of such programs and repeals the committee in 2028, was heard next and passed on a 7-4 vote. The committee then considered House Bill 2476, revising CPA certification and reciprocity requirements by creating multiple pathways to licensure and updating related rules and fees. Supporters said the bill would help address a CPA workforce shortage and align Arizona with other states; after questions about whether the bill made licensure harder or easier, the committee unanimously approved HB 2476, 11-0. Finally, the committee began House Bill 2308, which would bar dental insurers and certain holding companies from owning dental practices. The sponsor and Arizona Dental Association argued the bill would prevent conflicts of interest and preserve separation between payers and providers, while Delta Dental opposed the measure as overbroad and potentially burdensome for nonprofit insurers and investors. After discussion about private equity, nonprofit charity care, and vertical integration, the bill was approved 8-0 with three members present. The committee then started House Bill 2118 on mobile food vendors, with the sponsor and food truck operators arguing it would streamline duplicate local permitting, while cities and some vendors opposed it as a loss of local oversight and control; testimony continued, but no final action on HB 2118 appears in the excerpt.
AZ

Arizona 2026 Regular Session

02/03/2026 - House Commerce

Commerce

Transcript Highlights:
  • And so if there’s a subscription, is there a cap on this subscription, or meaning, like, is there a cap
  • get reimbursed for lender errors.
  • get reimbursed for lender errors.
  • We are calling for a 36% rate cap.
  • cap to prevent triple digit interest rates.
WA

Washington 2025-2026 Regular Session

Senate Business, Trade & Economic Development Feb 18th, 2026 at 08:00 am

Business, Trade & Economic Development

Transcript Highlights:
  • So today, many individuals have limited access or no access to other credit or banking lenders.
  • Pawn loan fees and interest are capped, often costing less than penalties from high-interest lenders,
  • So today, many individuals have limited access or no access to other credit banking lenders.
  • Pond loan fees and interest are capped, often costing less than penalties from high interest, lenders
  • It's from high-interest lenders, banks, and credit cards.
Bills: HB1269 , HB2624
WA
Transcript Highlights:
  • So today, many individuals have limited access or no access to other credit or banking lenders.
  • Pawn loan fees and interest are capped, often costing less than penalties from high-interest lenders,
  • banks, and credit cards. other credit banking lenders if pawn is not available and there is no other
  • Pond loan fees and interest are capped, often costing less than penalties from high interest, lenders
  • It's from high-interest lenders, banks, and credit cards.
Summary: The Senate Business, Trade, and Economic Development Committee heard public testimony on several House bills. HB 2624 would expand an existing exemption in the solicited real estate transaction law to allow public entities to solicit and buy real property for any public purpose, and also for Indian tribes and nonprofit nature conservancy organizations; the sponsor said the bill is meant to fix an omission from last year’s law, while a forest landowners group opposed it as creating a loophole for low-ball offers to vulnerable owners, and Trust for Public Land supported it as a different kind of transaction with existing appraisal and public-process protections. HB 2334 would create a cash-transaction rounding system to address the end of penny minting; staff said rounding would apply after tax and be permissive for sellers, with immunity and preemption provisions, and retailers and grocery groups supported it as a practical solution to penny scarcity, while members asked about signage and mixed-tender transactions. The committee also heard HB 1269, which would shorten pawn loan terms from 90 to 60 days, raise interest and fee caps, increase storage fees, and allow online payments for extensions. Pawn industry witnesses and the sponsor said the changes are modest, overdue, and needed to reflect inflation and operating costs while serving unbanked customers; some senators questioned whether the combined changes would more than double costs for borrowers, and industry witnesses said they were willing to work on the numbers. HB 2428 would require insurers to send advance lapse notices for individual life insurance policies to policyholders and a designated third party, with proof of delivery, to prevent unintended lapses; the sponsor, the Insurance Commissioner’s office, life insurers, AARP, and a business group all supported the consumer protection goal, though insurers noted added compliance costs and the bill’s delayed effective date for new policies. Finally, the committee heard HB 1078 on pet insurance, which would bar cancellation or nonrenewal based on a pet’s age or conditions that develop during the policy term and would restrict certain affiliate-policy transfers; the Insurance Commissioner’s office strongly supported it as a consumer protection measure, and staff noted a fiscal impact estimate and a new fiscal note request. The committee also took testimony on HB 2624 from both supporters and opponents, and on HB 2334 and HB 1269 from industry and public witnesses, but no votes were taken in the meeting. The chair closed public testimony and adjourned the committee after hearing all scheduled bills.
WA
Transcript Highlights:
  • In 2004 alone, Washingtonians paid $17 million in fees to payday lenders.
  • That money belongs in the pockets of workers, not in the bank accounts of predatory lenders.
  • So we believe that the $700 cap is more than enough to meet the needs of existing borrowers.
  • This bill would increase profit for payday lenders by...
  • a one-loan-at-a-time limit across all lenders.
Summary: The committee held public hearings on several bills. House Bill 2542 would require drug developers to use validated non-animal testing methods when available, unless federal regulators request animal testing. The sponsor said the bill builds on prior Washington action on cosmetics testing and is intended to move toward more humane and modern science. Supporters, including students, animal welfare advocates, and biotech-related witnesses, argued that animal tests often fail to predict human outcomes and that alternatives are more accurate. A biotech industry representative said animal testing is still necessary for some research and warned the bill could deter local innovation, but said the industry was open to amendments. The sponsor said she was open to discussing changes to the enforcement mechanism. No vote was taken on the bill during the hearing. House Bill 2629 would address theft and vandalism of critical communications infrastructure, including copper and fiber lines. The bill would ban cash payments for nonferrous metal transactions, require electronic or stored-value payment methods, impose civil penalties for stolen copper used in telecommunications cable, and create a new Class C felony for destruction of critical communications infrastructure. The sponsor and industry witnesses described repeated outages affecting 911, hospitals, schools, and first responders, and said Washington has a high rate of these incidents. Recycling industry representatives supported the bill after negotiations, but a prosecutor and some others said the bill should focus more on law enforcement tools such as searchable transaction databases and holding periods rather than new penalties. No final action was taken in the hearing. House Bill 2394 would expand the Insurance Commissioner’s insurance fraud program and create a Class B felony for insurance fraud, including fraudulent billing, misrepresentation of repair costs, and misuse of coding systems. The bill also broadens who can be considered a victim for restitution and gives the commissioner additional investigative tools, while the substitute removed a reporting duty for certified public accountants. The sponsor and the Insurance Commissioner’s office said the measure responds to more sophisticated, technology-driven fraud schemes that harm both insurers and consumers. Insurance industry and fraud bureau witnesses supported the bill as a consumer protection measure. No vote was taken. House Bill 2361 would raise the maximum principal amount for small loans from $700 to $1,200, with annual inflation adjustments, while keeping the existing 30% of monthly income cap and other safeguards. The sponsor said the change would better reflect emergency costs and help borrowers avoid illegal lenders. DFI raised implementation questions about inflation adjustments and publication requirements, and opponents from AARP, SEIU 775, poverty advocates, and consumer attorneys argued the bill would increase debt traps and fees for low-income borrowers and older adults. MoneyTree supported the bill, saying the current cap is outdated and that the product remains a flat-fee, regulated credit option with existing consumer protections. The hearing also included testimony on House Bill 2294, which would prohibit negative use restrictions on real property that block grocery stores or pharmacies; staff described a proposed amendment adding notice and changing enforcement, and the committee then moved the bill out with a due pass recommendation.
MN
Transcript Highlights:
  • Um, and then there are some changes being made to lenders and servicers' annual reporting requirements
  • </c> lenders, and borrowers. lenders, and borrowers.
  • and servicers' annual made to lenders and servicers' annual reporting<00:05:00.560><c> requirements.
  • These relate to the registration for lenders.
  • . lenders. lenders.
Summary: The committee met to walk through nonpartisan side-by-side comparisons of House File 4188, focusing on differences between House and Senate language across consumer protection, insurance, financial services, health, and technical provisions. Staff highlighted numerous Senate-only items, including rules for financial providers communicating through trusted contacts, virtual currency requirements for banks and credit unions, a prohibition on virtual currency kiosks beginning in 2026, mortgage servicing and student loan servicing changes, the Rental Home Marketplace Guarantees Act, insurance and travel-related provisions, scrap metal licensing changes, protections related to minors accessing chatbots and AI companions, and several technical or conforming repealers. Staff also noted that some provisions were identical or substantially similar between the chambers, including mortgage originator standards, student loan borrower protections, securities-related changes, unclaimed property provisions, and technical updates in the bill’s miscellaneous articles. The Senate-only health-related articles were also summarized, including repeal of the prescription drug affordability advisory council, technical changes to the reinsurance program, and a series of health insurance provisions on enrollment-growth notices, limits on officer and director salary increases under certain capital conditions, guaranteed issue rights for certain Medicare supplement enrollees, data-sharing between Commerce and Health, restrictions on using artificial intelligence alone to deny claims, reimbursement for clinical trainees, home care nursing coverage, and PBM transparency. The Senate’s telecommunications article was described as largely technical and conforming, with repeals of obsolete statutes. Staff also noted that some standalone bills had already passed and would be removed from the comparison report. Public testimony followed. Thomas Elness of AARP Minnesota supported inclusion of the cryptocurrency kiosk bill, expressed support for guaranteed issue protections for a narrow group of consumers affected by discontinued plans, and urged adoption of changes to the consumer protection restitution account, including raising the cap to $10 million per fiscal year. Representative Lee testified that the restitution account proposal should be treated as policy rather than finance because it has a zero fiscal note, and said the House would accept the Senate’s $10 million cap. Robin Rowan, representing the Minnesota Insurance and Financial Services Council and the U.S. Travel Insurance Association, urged adoption of Senate travel insurance language, requested a House-style change to lead-generation recordkeeping language, and supported a Senate provision allowing employers and insurers to coordinate notice to employees when group policies are cancelled. The Department of Commerce then responded to questions, explaining that the prescription drug affordability council would be sunset because the board already has other avenues for public input, that the reinsurance changes were technical and did not alter the prior agreement, and that the abandoned cryptocurrency provisions rely on statutory definitions of inactivity and known examples such as keys stored in safes or deposit boxes.
CA

California 2025-2026 Regular Session

Assembly Arts, Entertainment, Sports, and Tourism Committee May 5th, 2026

Arts, Entertainment, Sports, and Tourism

Transcript Highlights:
  • Scammers are posing as investors, predatory lenders offering upfront cash in exchange. are posing as
  • investors, predatory lenders offering upfront cash in exchange for long-term NIL rights.
  • Which essentially is the same as payday lenders. And, you know, we...
  • And there was a certain cap, but they had the potential to make such a large amount of money in such
  • There's no caps. There's no regulation in our space right now.
WA

Washington 2025-2026 Regular Session

House Housing Jan 13th, 2026

Transcript Highlights:
  • In fact, those cases are why rental cap amendments routinely grandfather provisions to protect...
  • In fact, those cases are why rental cap amendments routinely grandfather provisions to protect.
  • No, I think if we imagine that all of us here are co-owners of a condominium, and we want a rental cap
  • Well, that's always going to happen with rental caps or anything that comes under the standard.
  • And it will also complicate things for lenders, title insurers, and appraisers.
Summary: The Housing Committee held public hearings on two bills. HB 2118 would limit homeowners associations’ ability to adopt or enforce new covenant restrictions on the use of a unit that are more onerous than those in place when the owner bought the property, unless the owner agrees in writing. The sponsor said the bill is meant to protect buyers from having the rug pulled out from under them on things like chickens or renting part of a home. Staff explained the bill’s grandfathering and recording provisions, and that it excludes rules required by law. Testimony was split: supporters emphasized fairness, certainty, and protecting relied-upon uses, while opponents from HOA and management groups argued it would create fragmented enforcement, higher costs, administrative complexity, and conflict within communities, and that existing law and court decisions already address these issues. The committee closed the hearing without taking a vote. HB 2236 would update Washington Housing Finance Commission statutes. The bill would allow the commission to make direct mortgage loans, extend the term of the commission attorney, remove advance notice to the state finance committee before bond issuance, repeal the housing finance program and housing finance plan requirements, and revise the commission’s purpose language. The sponsor and commission said the changes would modernize outdated statutes, improve efficiency, and give the commission more flexibility to use its revenues and financing tools for affordable housing, gap financing, preservation, and starter homes. Committee members asked about the commission’s bond structure, default risk, and the meaning of “public funds,” and the commission said the transactions remain third-party and tax-exempt, with no state credit risk. Banking industry witnesses said they generally support the commission’s mission but wanted clearer limits on direct lending and the use of public funds, and they were working with the commission on amendment language. Committee members expressed support for the collaboration and the goal of increasing housing production. No votes were taken; both hearings were closed and the committee adjourned.
WA

Washington 2025-2026 Regular Session

House Housing Jan 13th, 2026 at 04:00 pm

Housing

Transcript Highlights:
  • In fact, those cases are why rental cap amendments routinely grandfather provisions to protect.
  • In fact, those cases are why rental cap amendments routinely grandfather provisions to protect.
  • Well, that's always going to happen with rental caps or anything that comes under the standard.
  • And it will also complicate things for lenders, title insurers, and appraisers.
  • And it will also complicate things for lenders, title insurers, and appraisers.
Bills: HB2118 , HB2236
Committee: House Housing
OK
Transcript Highlights:
  • Speaker, last year we were in a bill that capped the surcharge at 2% retailers on the amount that they
  • And I, and I, and I, and I, We talked about should we raise the cap to another level.
  • What this bill does does not give charter schools a new ability to do a bond with a private lender.
  • How did we get to the $250 million bond cap?
  • or would entice the lender to offer a lower rate, those currently don't exist.
Summary: The House convened, completed the roll call, heard an invocation, the Pledge of Allegiance, and several introductions and recognitions, including guests in the galleries and a special recognition of a doctor of the day and a state volleyball championship team. The chamber then took up a series of bills, with most receiving brief explanations and little or no debate. House Bill 2997, dealing with used-car bait-and-switch enforcement and higher fines, failed on final passage 47-39, and notice was given of a possible motion to reconsider. House Bill 2021, creating a DHS grant program for out-of-school programming through larger community-based organizations, passed 51-29 after questions about eligibility and partnerships. House Bill 3041, adjusting the cap on credit-card surcharges so retailers can recover actual processing costs up to 2%, passed 86-1 and its emergency was adopted. The House also passed House Bill 1823 on Oklahoma Housing Finance Agency compliance with federal HOME grant guidelines, 83-5, with the emergency adopted. House Bill 3372, creating lower-cost financing tools for high-performing charter schools, drew extensive questioning about taxpayer funding, ownership, default risk, and comparisons to public-school bonds, but ultimately passed 53-36. House Bill 1427, as amended by the Senate, was adopted and passed 57-20, codifying current clean-burning vehicle tax-credit practices tied to the bank privilege tax. House Bill 3127, which would have broadened employer drug-testing and zero-tolerance authority beyond current safety-sensitive positions for medical marijuana users, drew the most extended debate over worker protections, constitutionality, and testing standards, but failed narrowly 47-46; notice of reconsideration was given. Later measures passed with broad support, including House Bill 3128 creating a task force to identify workplace barriers and recommend administrative or legislative fixes, 73-21; House Bill 4198 allowing employers to seek protective orders against former employees who pose an imminent threat, 88-12; and a series of sunset-extension bills for professional and advisory boards. Those included House Bills 3000 through 3007, covering the cosmetology board, child death review board, county personnel training commission, chiropractic examiners, optometry board, Oklahoma Climatological Survey, Oklahoma Advisory Council on Indian Education, and DEQ natural resource advisory councils, with most also receiving emergency clauses. House Concurrent Resolution 1020, commending Team USA Olympic hockey teams for gold medals, was adopted by unanimous consent.
OK
Transcript Highlights:
  • Senate Bill 2084 caps the amounts awarded for faculty members of higher education to two years' worth
  • The cap amount, is there a specific formula? I'm guessing. Thank you for the question.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 9th, 2026 at 10:30 am

Ways & Means

Transcript Highlights:
  • Gildon, makes the act null and void unless a constitutional amendment is approved by December 2026, capping
  • There is one proposed substitute by Senator Conway, which caps the total amount of the monthly benefit
  • Legislature regarding non-cost allowance allocation to emissions-intensive trade-exposed facilities in the Cap-and-Invest
  • removes a requirement that loans and mortgage loans issued by the commission must go through a mortgage lender
  • removes a requirement that loans and mortgage loans issued by the commission must go through a mortgage lender
Committee: Senate Ways & Means
LA

Louisiana 2026 Regular Session

Retirement Apr 29th, 2026

Retirement

Transcript Highlights:
  • debt payment for retirees for the Louisiana State Police Retirement System by increasing the funding cap
  • As we know, the present law, it's a one-year cap to discourage early retirement, limit re-employment
Bills: SB8 , SB10 , SB11 , SB12 , SB13 , SB14 , SB16 , SB17 , SB18 , SB20 , SB21 , SB22 , SB416 , SB455 , SB456 , SB477
Committee: House Retirement
OK

Oklahoma 2026 Regular Session

Appropriations Revised Apr 22nd, 2026 at 03:30 pm

Appropriations

Transcript Highlights:
  • It's my same question: why do we need to increase these caps? Thank you.
  • Successful, and so we need to increase the caps.
  • I guess it is the reason we're raising the cap. Yes, thank you very much.
  • It has been utilized, and that is another reason to raise the cap.
  • Now, we're not raising the annual cap, so the annual cap still remains the same.
AZ

Arizona 2026 Regular Session

02/10/2026 - House Natural Resources, Energy & Water

Natural Resources, Energy & Water

Transcript Highlights:
  • putting in pipes, and building infrastructure, primarily understanding that we were going to lose our CAP
  • keep that water or that tax for another three years in order to get them to 2030. 2030 was when the CAP
  • You might know that the CAP operates the Central Arizona Groundwater Replenishment District.
  • We have some serious concerns as to why, at this time, there's so much unknown about the CAP and our
  • cities with CAP water to get designated.
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 5th, 2026 at 04:18 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • It's his Social Security income tax cap. All right.
  • We're open to the cap.
  • The credit, as proposed, has a cap of $500,000 per taxpayer per year, and an aggregate annual cap of
  • The credit, as proposed, has a cap of $500,000 per taxpayer per year, and an aggregate annual cap of
  • An aggregate annual cap of $10 million.
Bills: SB190 , SB152 , SB77 , SB150 , SB151 , SB156 , SB172 , SB182 , SB185 , SB212 , SB170 , SB133 , SB174 , SB163
TX

Texas 89th Regular

Intergovernmental Affairs Apr 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • So is there some kind of cap on the voucher to keep you within a range so that, you know, whatever the
  • This is a cap that's been in place since 2011, and ultimately you know that the costs of these projects
  • When this cap remains in place, it becomes very arbitrary and is going to lead to fewer housing units
  • In the real world, that's what this bill seeks to do: raise that cap.
  • Now, all we're asking for is that the cap be increased so that the state housing agency board, led by
TX

Texas 89th Regular

Intergovernmental Affairs Apr 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • There was a $2 million cap established in statute in 2011. I think it's important to know.
  • million cap.
  • It's just a cap.
  • You know, it's just removing an arbitrary cap. It's not mandating a $3 million. development.
  • Bowling's point, over time, this $2 million cap becomes very arbitrary.
OK
Transcript Highlights:
  • Speaker, last year we ran a bill that capped the surcharge at 2% for retailers on the amount that they
  • If you listen to committee or were in the oversight committee, we talked about should we raise the cap
  • And we just decided not to, you know, raise the cap to 3.5 or 4% or so on because I think that would
  • How did we get to the $250 million bond cap?
  • or would entice the lender to offer a lower rate.