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Tuesday, January 26, 2016

Webinar: The Impact of Predatory Lending on Small Businesses

TOMORROW, Wednesday, January 27, 2016 | 3-4 pm EST

Capital is one of the most critical supports for small businesses—it often determines whether a business can access the resources it needs to grow. Unfortunately, as capital availability from traditional sources has declined since the Great Recession, predatory practices have emerged, making capital available but at great risk to small businesses. To advance responsible practices in the marketplace, a coalition of think tanks, small business advocates, nonprofit and industry lenders and brokers launched the Small Business Borrowers’ Bill of Rights (BBOR), which defines a set of borrower rights and lending practices that can ensure that small businesses receive financing that supports their long-term success.
Please join CFED tomorrow for a webinar to introduce the Assets & Opportunity Network to the BBOR and efforts underway by organizations nationally and locally to lead the effort. The webinar will highlight how predatory lending practices impact small business owners/borrowers, policy solutions including the BBOR and local efforts to end predatory small business lending practices. Whether you represent an advocacy organization, small business service provider, CDFI, lender, broker, investor or think tank, this is your chance to learn more about the impact of predatory lending practices
Speakers will include:
  • Joyce Klein, Director, FIELD, Aspen Institute
  • Mary Fran Riley, Senior Vice President, External Affairs,Accion Chicago
  • Caitlin McShane, Marketing and Communication Director,Opportunity Fund
  • Harold Pettigrew, Director of Entrepreneurship, CFED

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