The Long Fight for Small Business Lending Transparency Is Not Over » NCRC
Small businesses play a vital role in the US economy, but their ability to access credit has been a longstanding obstacle to their viability. Additionally, the CFPB's recent final revised rule implementing Section 1071 of the Dodd-Frank Act that effectively cuts small business lending reporting requirements could lead to more lending disparities for women and BIPOC entrepreneurs.
Small businesses play a vital role in the US economy, but their ability to access credit has been a longstanding obstacle to their viability. Additionally, the CFPB's recent final revised rule implementing Section 1071 of the Dodd-Frank Act that effectively cuts small business lending reporting requirements could lead to more lending disparities for women and BIPOC entrepreneurs.
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