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LendCedar

Rule changes

State rate caps, lender licensing laws, federal rules and court rulings that change what a personal loan may cost, newest first, each with the official source.

  1. Rates

    Federal Reserve: 24-month personal loans at banks averaged 11.90% in August 2026

    The Federal Reserve's G.19 consumer credit release of October 7, 2026 puts the average commercial bank rate on 24-month personal loans at 11.90% for August 2026 (a preliminary figure). The average rate on credit card plans, all accounts, was 21.19%.

    For borrowers: Use the bank average as a reference point when you read an offer, and compare offers by APR and total of payments rather than by the monthly payment.

  2. Rates

    Texas: new rate brackets for installment loans made on or after July 1, 2026

    The Texas Office of Consumer Credit Commissioner published the adjusted brackets for Finance Code Section 342.201(e): $4,600, $9,660 and $23,000, for loans made on or after July 1, 2026. The maximum administrative fee under Section 342.201(g) is $130.

    For borrowers: On a Texas loan from a licensed lender, each part of the cash advance carries its own maximum rate, so check which bracket your loan amount falls into.

  3. Court ruling

    Tenth Circuit vacates its Colorado opt-out ruling and agrees to rehear the case en banc

    On April 2, 2026, the Tenth Circuit granted rehearing en banc in National Association of Industrial Bankers v. Weiser (No. 24-1293), vacated the panel's November 10, 2025 judgment and reopened the case. The full court will decide whether loans "made in" Colorado, which opted out of DIDMCA section 521, include loans where only the borrower is in Colorado. The district court's 2024 preliminary injunction against enforcing Colorado's rate limits on those out-of-state bank loans stays in effect while the case is pending.

    For borrowers: For now, a loan to a Colorado resident from an out-of-state, state-chartered bank may still carry the bank's home-state rate, so ask who the lender of record is.

  4. Federal rule

    NCUA keeps the 18% loan rate ceiling for federal credit unions through September 10, 2027

    The NCUA Board approved the continuation of the temporary 18% interest rate ceiling on loans made by federal credit unions, extending it to September 10, 2027. The Federal Credit Union Act generally limits federal credit unions to 15%, and the Board may set a higher temporary ceiling for up to 18 months.

    For borrowers: A federal credit union loan stays capped at 18% for most loans, a useful benchmark against higher-rate offers.

    In the guide

  5. Federal rule

    FCC delays the TCPA "revoke-all" requirement again, to January 31, 2027

    The FCC's Consumer and Governmental Affairs Bureau extended its waiver of 47 CFR 64.1200(a)(10) to the extent it requires a caller to apply a revocation made in response to one type of message to all future robocalls and robotexts on unrelated matters. The new effective date is January 31, 2027; the earlier waiver ran to April 11, 2026.

    For borrowers: Your right to revoke consent by any reasonable means already applies; until 2027, a STOP sent to one kind of message may not stop a company's messages on other matters, so say plainly that you want all calls and texts to stop.

    In the guide

  6. Court ruling

    Tenth Circuit panel rules Colorado's DIDMCA opt-out reaches out-of-state bank loans to Colorado borrowers

    In National Association of Industrial Bankers v. Weiser (No. 24-1293), a Tenth Circuit panel held that loans "made in" an opt-out state include loans where either the lender or the borrower is located there, and reversed the preliminary injunction that blocked Colorado's limits. The full court vacated this judgment on April 2, 2026 and is rehearing the case.

    For borrowers: The ruling no longer stands, but it shows that bank-partnership loans to Colorado residents may yet become subject to Colorado's rate limits.

    In the guide

  7. Federal rule

    IRS sets the 2026 adoption credit at up to $17,670, with up to $5,120 refundable

    In its tax year 2026 inflation adjustments (IR-2025-103), the IRS set the maximum adoption credit at qualified adoption expenses up to $17,670. For tax year 2026, up to $5,120 of the credit may be refundable.

    For borrowers: If you borrow for adoption costs, the credit can repay part of the expense after you file, which may let you choose a smaller loan or a shorter term.

    In the guide

  8. State law

    Rhode Island ends its payday lending exception, effective January 1, 2027

    Rhode Island enacted 2025-H 5042A and 2025-S 0229A, which repeal the exception that let payday lenders charge effective rates of about 260% APR. The law takes effect January 1, 2027; the state's existing small-loan limits, including a 36% APR cap on loans of $300 or less, remain.

    For borrowers: From 2027, payday loans at those rates end in Rhode Island, so compare small installment loans from licensed lenders, credit unions and banks.

  9. Federal rule

    CFPB withdraws 67 guidance documents, including two on adverse action notices

    The CFPB withdrew 67 interpretive rules, policy statements, advisory opinions, circulars and bulletins as of May 12, 2025. Among them are Circular 2022-03 on adverse action notices for credit decisions based on complex algorithms, Circular 2023-03 on adverse action reasons and the Regulation B sample forms, and several FCRA advisory opinions. The Bureau said the withdrawal is not necessarily final.

    For borrowers: The Equal Credit Opportunity Act and Regulation B still require a lender to give you the specific reasons for a denial; only the CFPB's added guidance on how to do it was withdrawn.

  10. Federal rule

    FCC rules on revoking consent to robocalls and robotexts take effect; "revoke-all" part postponed

    The FCC's TCPA consent revocation rules took effect on April 11, 2025: if you use any reasonable method to revoke consent, that consent is revoked. In Order DA 25-312 of April 7, 2025, the FCC delayed the part of 47 CFR 64.1200(a)(10) that would make a revocation apply to a caller's messages on unrelated matters, first to April 11, 2026 and later to January 31, 2027.

    For borrowers: You can stop calls and texts after a loan request by replying STOP or telling the company in any reasonable way, and the company must honor it.

    In the guide