Rep. Velazquez Bill Would Halt Predatory Loans to Small Businesses
July 31, 2020
July 31, 2020
WASHINGTON, July 31 -- Rep. Nydia M. Velazquez, D-New York, issued the following news release:
Congresswoman Nydia M. Velazquez (D-NY), the Chairwoman of the House Small Business Committee, has introduced new legislation aimed at protecting small business borrowers from predatory lenders and loans carrying unfair terms and conditions. Her bill, the "Small Business Lending Disclosure and Broker Regulation Act", would ensure many safeguards already required in consumer lendi . . .
Congresswoman Nydia M. Velazquez (D-NY), the Chairwoman of the House Small Business Committee, has introduced new legislation aimed at protecting small business borrowers from predatory lenders and loans carrying unfair terms and conditions. Her bill, the "Small Business Lending Disclosure and Broker Regulation Act", would ensure many safeguards already required in consumer lendi . . .