US SB3793

Extends Military Lending Act protections (10 U.S.C. § 987) to all consumers, including the 36% annual percentage rate cap currently applicable only to military servicemembers and dependents

Exempts residential mortgages, auto loans secured by the purchased vehicle, and Federal credit union loans subject to existing NCUA rate limits

Requires the Consumer Financial Protection Bureau to issue implementing regulations within 1 year, in consultation with the Secretary of Defense

Authorizes state attorneys general and state regulators to bring civil enforcement actions within 3 years of violations

Applies to credit extensions beginning either when CFPB rules take effect or 18 months after enactment, whichever is earlier