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Sen. Menendez, Rep. Velázquez Introduce Bicameral Bill to Stop Predatory Small Business Financing

Press Release

Date: June 15, 2023
Location: Washington, D.C.
Issues: Finance and Banking Economy and Fiscal

"Small businesses are the lifeblood of the American economy. But for too long, predatory lenders have taken advantage of businesses in need of capital by offering loans and similar products with unclear terms and exorbitant interest rates. This legislation is a critical step in extending many consumer lending protections to small firms, bringing needed transparency to small business credit markets and ensuring entrepreneurs understand their obligations and rights when they sign up for credit."


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