The American Lending Fairness Act of 2026 aims to clarify and restore the rights of states regarding interest rates set by state-chartered banks and credit unions. The main objective is to allow states to opt out of federal preemption, meaning they can establish their own rules for interest rates on loans made by banks and credit unions that they charter. Key provisions of the Act include amendments to existing laws that allow states to create laws or hold votes to declare that federal interest rate rules do not apply to loans made by their own financial institutions.