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Bill that Requires Lenders to Disclose Interest Rates to Small Businesses Blocked in House Committee

Bill that Requires Lenders to Disclose Interest Rates to Small Businesses Blocked in House Committee
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United statesNew yorkTasha brownLyndonb johnsonBrent adamsBusiness lending coalitionWoodstock instituteDoesnt geta vote in house committeeIllinois state black chamberIllinois hispanic chamberAdvocacy at woodstock instituteSouthland chicago black chamberHouse financial institutions committeeFor second yearBill doesnt getState senate

Bill calling for interest rate disclosures on small business loans dies in Illinois House

Nonbank loans to small businesses have grown rapidly in recent years, but nonbank commercial lenders aren't required to disclose the annual percentage rate to borrowers.

United statesNew yorkBrent adamsTasha brownSenate onHouse financial institutions committeeSouthland chicago black chamberConsumer financial protection bureauBusiness lending coalitionIllinois legislatureIllinois state black chamberWoodstock instituteIllinois hispanic chamberLending actConsumer financial protectionSmall business majority

Bluevine and National Community Reinvestment Coalition Join Responsible Business Lending Coalition

Bluevine and National Community Reinvestment Coalition Join Responsible Business Lending Coalition
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United statesJoyce kleinSharon carmeliBusiness lending coalitionCommunity investment managementNational association for latino community asset buildersNational community reinvestment fundMembers of the responsible business lending coalitionBusiness ownership initiativeAspen instituteAccion opportunity fundOpportunity finance networkNational community reinvestment coalitionCommunity reinvestment coalitionResponsible business lending coalitionSenior director

Economic Opportunities Program Newsletter, February 2022

The pandemic and associated crises bring new urgency to our work to improve jobs, expand business ownership, and advance economic opportunity.

United statesJoe kefauverLindsay harrisJennifer eppsMarty walshUpskill americaMohona siddiqueRoseann renteriaRoy bahat bloomberg betaYakov feygin berggruen instituteAnnelise orleck dartmouth collegeBusiness ownership initiative aspenHerschend enterprisesNational labor relations actGood companies jobsWorkforce strategies initiative

We protect individuals from predatory lending practices — why not small businesses too?

Our economy and communities will recover more strongly from the pandemic if new and small firms are able to access the financing they need to adapt, rebuild, and grow.

United statesBob menendezConsumer financial protection bureauAspen instituteUs house committee on financial servicesHouse small business committeeSenate banking committeeBusiness lending coalitionResponsible business lending coalitionConsumer protectionFinancial institutionsFinancial servicesSmall businessesBig impactEnsuring smallMinority owned businesses share