Black Lives Matter
For immediate release: June 12, 2020
CONTACT:
Caitlin McShane
(415) 225-8855 | [email protected]
Statement on behalf of the Responsible Business Lending Coalition (RBLC), a network of for-profit and non-profit lenders, investors, and small business advocates, in response to the Black Lives Matter movement.
We grieve the loss of George Floyd, Ahmaud Arbery, Breonna Taylor, Tony McDade, and too many more Black people whose lives were cut short by racism in our policing and throughout the country’s institutions and communities.
Racism is everywhere, from our healthcare to our financial system. The Responsible Business Lending Coalition affirms: Black Lives Matter. As we mourn the loss of Black lives, and join the chorus calling for equal treatment and faster action to unroot racism in our society, we are especially watchful for economic racism. America is grappling with health and economic disasters that are felt more deeply in communities of color. We are watchful for a rise in predatory lending, which disproportionately targets Black- and minority-owned businesses. And we will continue to advocate for transparency and responsibility in lending to prevent economic injustice that perpetuates racial inequality.
From advocating for an expansion of the Truth in Lending Act to protect underserved small business borrowers from predatory lending, to enacting section 1071 of the Dodd Frank Act, the RBLC and its members will continue to use our collective voice to ensure our nation’s financial laws and regulations are protected and implemented to uphold racial and economic justice.
CONTACT:
Caitlin McShane
(415) 225-8855 | [email protected]
Statement on behalf of the Responsible Business Lending Coalition (RBLC), a network of for-profit and non-profit lenders, investors, and small business advocates, in response to the Black Lives Matter movement.
We grieve the loss of George Floyd, Ahmaud Arbery, Breonna Taylor, Tony McDade, and too many more Black people whose lives were cut short by racism in our policing and throughout the country’s institutions and communities.
Racism is everywhere, from our healthcare to our financial system. The Responsible Business Lending Coalition affirms: Black Lives Matter. As we mourn the loss of Black lives, and join the chorus calling for equal treatment and faster action to unroot racism in our society, we are especially watchful for economic racism. America is grappling with health and economic disasters that are felt more deeply in communities of color. We are watchful for a rise in predatory lending, which disproportionately targets Black- and minority-owned businesses. And we will continue to advocate for transparency and responsibility in lending to prevent economic injustice that perpetuates racial inequality.
From advocating for an expansion of the Truth in Lending Act to protect underserved small business borrowers from predatory lending, to enacting section 1071 of the Dodd Frank Act, the RBLC and its members will continue to use our collective voice to ensure our nation’s financial laws and regulations are protected and implemented to uphold racial and economic justice.
The graphic is a non-comprehensive list of deaths at the hands of police in the U.S. since Eric Garner’s death in July, 2014. Data source: NPR, design by Beneficial State Bank.
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Responsible Business Lending Coalition
The Responsible Business Lending Coalition (RBLC) is a network of nonprofit and for-profit lenders, investors, and small business advocates that share a commitment to innovation in small business lending and serious concerns about the rise of irresponsible small business lending. The coalition created the Small Business Borrowers' Bill of Rights, the first cross-sector consensus on the rights that small business owners deserve and what financing providers, brokers and lead generators can do to uphold those rights. Over 100 small business lenders, brokers and lead generators, and advocacy organizations have endorsed these standards. Members of the Responsible Business Lending Coalition include Accion Opportunity Fund, Community Investment Management, Funding Circle, LendingClub, Opportunity Finance Network, Opportunity Fund, Small Business Majority, StreetShares, and the Aspen Institute. For more information, visit www.borrowersbillofrights.org
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Responsible Business Lending Coalition
The Responsible Business Lending Coalition (RBLC) is a network of nonprofit and for-profit lenders, investors, and small business advocates that share a commitment to innovation in small business lending and serious concerns about the rise of irresponsible small business lending. The coalition created the Small Business Borrowers' Bill of Rights, the first cross-sector consensus on the rights that small business owners deserve and what financing providers, brokers and lead generators can do to uphold those rights. Over 100 small business lenders, brokers and lead generators, and advocacy organizations have endorsed these standards. Members of the Responsible Business Lending Coalition include Accion Opportunity Fund, Community Investment Management, Funding Circle, LendingClub, Opportunity Finance Network, Opportunity Fund, Small Business Majority, StreetShares, and the Aspen Institute. For more information, visit www.borrowersbillofrights.org
