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In recent Oregon debtor and creditor news, new laws have been introduced to protect borrowers from unfair lending practices. On May 12, 2026, Governor Kate Brown signed the Equal Lending Act into law, which aims to address predatory lending practices and ensure fair treatment for all borrowers in the state.The Equal Lending Act includes provisions such as a cap on interest rates for certain types of loans, restrictions on fees and charges that lenders can impose, and requirements for lenders to provide clear and transparent information to borrowers about the terms of their loans. These measures are designed to prevent borrowers from falling into debt traps and to promote responsible lending practices.In addition to the Equal Lending Act, the Oregon legislature also passed a bill that strengthens protections for consumers against debt collectors. The bill includes provisions such as restrictions on the use of aggressive tactics by debt collectors, requirements for debt collectors to provide accurate information to consumers about their debts, and penalties for violations of consumer protection laws.These new laws come amid growing concerns about the financial well-being of Oregonians, particularly in the wake of the COVID-19 pandemic. With many individuals and families facing economic hardship due to job losses and other financial challenges, it is more important than ever to ensure that borrowers are protected from predatory lending practices and that they have access to fair and affordable credit.Governor Brown emphasized the importance of these new laws in a press conference following the signing of the Equal Lending Act, stating that "Oregonians deserve to be treated fairly and ethically by lenders and debt collectors. These new laws are a critical step in ensuring that borrowers are protected and that they can access the credit they need to thrive and succeed."Overall, the new laws represent a significant milestone in the ongoing efforts to promote financial justice and equality in Oregon. By bolstering protections for borrowers and consumers, the state is taking a proactive stance in safeguarding the financial well-being of its residents and ensuring that they are not taken advantage of by unscrupulous lenders and debt collectors.