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Deep South Black Farmers, Community Organizations, and Mission-Based Lenders Urge Strong Fair Lending Rules for Small Businesses

The Consumer Financial Protection Bureau is implementing game-changing civil rights legislation that will, for the first time, shine a spotlight on the demographics of lenders’ small business lending activity. SEAP partnered with Hope Policy Institute to gather 40 organizations to submit comments to the CFPB in support of fair lending. The letter notes:

“The proposed rule for collecting small business lending data from financial institutions has the potential to be a significant step toward creating a level playing field for small businesses, ending discriminatory lending practices, and helping close the racial wealth gap here in the Deep South.”

Click here to read the full letter.

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