RBLC Press Releases and Statements
STATEMENT: California Lawmakers Continue to Stand with Small Business Owners by Unanimously Extending Commonsense Financing Disclosures
(Washington, D.C. - September 19, 2023)
Statement on the passage of SB 33, “Commercial Financing: Disclosures” by the California State Legislature, made by Armen Meyer, Head of Public Policy, LendingClub, on behalf of the Responsible Business Lending Coalition.
STATEMENT: Court Ruling in Texas a Regrettable Setback for Small Businesses
(Washington, D.C. - August 2, 2023)
Statement on the Preliminary Injunction Granted in Texas Bankers Association et al v. Consumer Financial Protection Bureau et al., made by Marla Bilonick, President & CEO, National Association for Latino Community Asset Builders (NALCAB) on behalf of the Responsible Business Lending Coalition.
STATEMENT: Responsible Business Lending Coalition Applauds Introduction of Small Business Financing Disclosure Act of 2023
(Washington, D.C. - June 16, 2023)
Statement in support of the Small Business Financing Disclosure Act of 2023 by Lauren Rosenbaum, Staff for the Responsible Business Lending Coalition, on behalf of the Coalition.
BLOG POST: Small Business Financing Disclosure Act of 2023 Earns Strong Cross-Industry Support
(Washington, D.C. - June 16, 2023)
STATEMENT: Responsible Business Lending Coalition Applauds CFPB’s Groundbreaking Efforts to Expand Access to Responsible, Affordable Financing for Small Business Owners
(Washington, D.C. - April 3, 2023)
Statement in support Consumer Financial Protection Bureau’s (CFPB) recent announcements that will benefit small business owners.
STATEMENT: California and New York Issue First Commercial Lending Disclosure Laws in the Nation
(Washington, D.C. - February 3, 2023)
Statement in support of California and New York commercial lending disclosure laws issued in December 2022 and February 2023.
STATEMENT: California’s Department of Financial Protection and Innovation Ushers New Era of Small Business Protections
(Washington, D.C. - December 9, 2022)
The Responsible Business Lending Coalition (RBLC) lauds the California Department of Financial Protection and Innovation for its implementation of the nation’s first small business truth in lending law.
STATEMENT: Congress must vote on H.R. 6054, the Small Business Lending Disclosure Act of 2021
(Washington, D.C. - July 13, 2022)
Statement by Joyce Klein, on behalf of the Responsible Business Lending Coalition, regarding the Small Business Subcommittee on Oversight, Investigations, and Regulations hybrid hearing, “Fintech and Transparency in Small Business Lending.”
Camino Financial and National Association for Latino Community Asset Builders Join Responsible Business Lending Coalition
(Washington, D.C. - July 8, 2022)
The Responsible Business Lending Coalition (RBLC), a network of non-profit and for-profit lenders, brokers, and small business advocates, today announced the addition of two new member organizations. Joining the coalition are the National Association for Latino Community Asset Builders and Camino Financial...
Responsible Business Lending Coalition Applauds CFPB Director Rohit Chopra’s Comments on Importance of Transparent Commercial Financing Disclosures
(Washington, D.C. - April 28, 2022)
Statement by Amyra Hasan, on behalf of the Responsible Business Lending Coalition, regarding Director Rohit Chopra’s testifying before the Senate Banking Committee and the House Financial Services Committee on the Consumer Financial Protection Bureau’s semi-annual report to Congress.
Responsible Business Lending Coalition Commends Small Business Lending Disclosure Act of 2021
(Washington, D.C. - November 18, 2021)
Statement in support of the Small Business Lending Disclosure Act of 2021 by Louis Caditz-Peck, Director of Public Policy at LendingClub Bank, on behalf of the Responsible Business Lending Coalition.
Newly-Issued State Small Business Credit Initiative Guidance Rightfully Prioritizes Borrower Protections for Entrepreneurs
(Washington, D.C. - November 16, 2021)
Statement from Joyce Klein on behalf of the Responsible Business Lending Coalition, the nation’s leading cross-sector coalition addressing the rise of irresponsible small business lending practices, on the Treasury’s incorporation of small business borrower protections in its program guidelines.
Responsible Business Lending Coalition Heralds Rohit Chopra's Confirmation as Director of Consumer Financial Protection Bureau
(Washington, D.C. - September 30, 2021)
The Responsible Business Lending Coalition (RBLC), a network of nonprofit and for-profit lenders, investors, and small business advocates applauds the Senate for confirming Rohit Chopra as the new Director of the Consumer Financial Protection Bureau.
RBLC's Statement on Isabel Guzman's Confirmation as Administrator of SBA
(Washington, D.C. - February 25, 2021)
The Responsible Business Lending Coalition (RBLC), a network of nonprofit and for-profit lenders, investors, and small business advocates, recommends that the Senate move quickly in confirming Isabel Guzman as Administrator of the U.S. Small Business Administration (SBA).
Statement: New York Enacts Strongest Commercial Lending Disclosure Law in the Nation
(Albany, NY - December 23, 2020)
Statement from Ryan Metcalf on behalf of the Responsible Business Lending Coalition applauding Governor Cuomo for signing New York State’s Small Business Truth in Lending Act into law today.
Responsible Lending Coalition Calls for Federal Action to Improve Equity in Small Business Lending
(Washington, D.C. - December 14, 2020)
The Responsible Business Lending Coalition released a letter today calling for the Consumer Financial Protection Bureau to increase reporting on all financial products; robust data collection will help address longstanding inequities that disproportionately affect women and people of color.
California’s DFPI Continues Its Commitment to Small Businesses with Latest Proposed Commercial Finance Disclosure Regulations
(Sacramento, CA - November 9, 2020)
California’s Department of Financial Protection and Innovation (DFPI) continued its commitment to small businesses across the state with its proposed Commercial Financing Disclosures (SB 1235) regulations. The policies proposed will allow small business owners to seek financing without deception by predatory lenders. The Responsible Business Lending Coalition (RBLC) supports...
Responsible Business Lending Coalition Endorses Small Business Lending Disclosure and Broker Regulation Act
(Washington, D.C. - July 30, 2020)
The Responsible Business Lending Coalition (RBLC) -- the only cross-sector coalition whose members represent nonprofit and for-profit lenders, investors, and small business advocates -- proudly endorses the Small Business Lending Disclosure and Broker Regulation Act of 2020. We applaud Congresswoman Nydia Velázquez for her leadership introducing this legislation...
The Responsible Business Lending Coalition Applauds the Passage of New York State’s Small Business Truth in Lending Act
(Albany, NY - July 24, 2020)
The Responsible Business Lending Coalition (RBLC), the only cross-sector coalition whose members represent nonprofit and for-profit lenders, investors, and small business advocates, commends the passage of the New York State Small Business Truth in Lending Act. The RBLC thanks the leadership of Assemblyman Zebrowski and Senator Thomas...
Black Lives Matter
(Washington, D.C. - June 12, 2020)
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.
Responsible Business Lending Coalition Endorses New York State Small Business Truth in Lending Act
(Albany, NY - March 12, 2020)
The Responsible Business Lending Coalition (RBLC) -- whose members have lent upwards of $250 million to over 4,100 small business owners across the State of New York -- proudly endorses A10118 and thanks Assemblyman Ken Zebrowski for his support of New York small businesses. The RBLC applauds the leadership of Assemblyman Zebrowski for introducing A10118 ...
Small Business Owners Could Save Billions Annually, Create Jobs, and Spur Economic Growth Under California’s Proposed Commercial Finance Disclosure Regulations
(Sacramento, CA - February 3, 2020)
As California’s Department of Business Oversight (DBO) finalizes requirements for commercial credit disclosures under the first Truth in Lending law in the country to apply to small business financing (SB 1235), the Responsible Business Lending Coalition (RBLC) urges the DBO to implement the proposed regulations swiftly -- especially in light of the positive economic impact...
Responsible Business Lending Coalition Voices Support for Strong Small Business Financial Protections in California
(Washington, D.C. - September 23, 2019)
Last year the State of California passed the first Truth in Lending law in the country to apply to small business financing. As the California financial services regulator finalizes requirements for commercial credit disclosures under the new law, the Responsible Business Lending Coalition (RBLC) is urging rulemakers to further strengthen proposed regulations and ensure they are structured in a way to best...
Responsible Business Lending Coalition Applauds California’s Proposed Commercial Finance Disclosure Regulations
(Washington, D.C. - July 29, 2019)
The State of California acted in the best interests of small businesses by developing proposed regulations that reinforce small business borrowers’ right to transparency in financial products. The proposed regulations released by the Department of Business Oversight (DBO) would protect California’s four million small businesses from predatory lending by mandating they be given the opportunity...
Federal Ban on Confessions of Judgment Would Help Small Businesses
(Washington, D.C. - June 25, 2019)
Congress took an important step toward protecting small businesses from predatory lending by re-introducing the Small Business Lending Fairness Act. This legislation, which is sponsored by Sens. Sherrod Brown (D-OH) and Marco Rubio (R-FL) in the Senate and Reps. Nydia Velazquez (D-NY) and Roger Marshall (R-KS) in the House, would ban a clause commonly found in small business lending...
StreetShares and Opportunity Finance Network Join Responsible Business Lending Coalition
(Washington, D.C. - June 18, 2019)
The Responsible Business Lending Coalition (RBLC), a network of non-profit and for-profit lenders, brokers and small business advocates, today announced the addition of two new member organizations. Joining the coalition are Opportunity Finance Network, the national association of community development financial institutions (CDFIs) with over 260 members in all 50 states, and StreetShares, ...
Responsible Business Lending Coalition Endorses Bipartisan Resolution on Fundamental Small Business Financing Rights
(Washington, D.C. - May 9, 2019)
The Responsible Business Lending Coalition (RBLC), a network of for-profit and non-profit lenders, brokers and small business advocates, applauds the leadership of Representatives Dean Phillips (D-MN), William Timmons (R-SC) and Nydia Velazquez (D-NY) in introducing a bipartisan Resolution in support of the Small Business Borrowers’ Bill of Rights. The RBLC developed the Small Business Borrowers’ Bill...
(Washington, D.C. - September 19, 2023)
Statement on the passage of SB 33, “Commercial Financing: Disclosures” by the California State Legislature, made by Armen Meyer, Head of Public Policy, LendingClub, on behalf of the Responsible Business Lending Coalition.
STATEMENT: Court Ruling in Texas a Regrettable Setback for Small Businesses
(Washington, D.C. - August 2, 2023)
Statement on the Preliminary Injunction Granted in Texas Bankers Association et al v. Consumer Financial Protection Bureau et al., made by Marla Bilonick, President & CEO, National Association for Latino Community Asset Builders (NALCAB) on behalf of the Responsible Business Lending Coalition.
STATEMENT: Responsible Business Lending Coalition Applauds Introduction of Small Business Financing Disclosure Act of 2023
(Washington, D.C. - June 16, 2023)
Statement in support of the Small Business Financing Disclosure Act of 2023 by Lauren Rosenbaum, Staff for the Responsible Business Lending Coalition, on behalf of the Coalition.
BLOG POST: Small Business Financing Disclosure Act of 2023 Earns Strong Cross-Industry Support
(Washington, D.C. - June 16, 2023)
STATEMENT: Responsible Business Lending Coalition Applauds CFPB’s Groundbreaking Efforts to Expand Access to Responsible, Affordable Financing for Small Business Owners
(Washington, D.C. - April 3, 2023)
Statement in support Consumer Financial Protection Bureau’s (CFPB) recent announcements that will benefit small business owners.
STATEMENT: California and New York Issue First Commercial Lending Disclosure Laws in the Nation
(Washington, D.C. - February 3, 2023)
Statement in support of California and New York commercial lending disclosure laws issued in December 2022 and February 2023.
STATEMENT: California’s Department of Financial Protection and Innovation Ushers New Era of Small Business Protections
(Washington, D.C. - December 9, 2022)
The Responsible Business Lending Coalition (RBLC) lauds the California Department of Financial Protection and Innovation for its implementation of the nation’s first small business truth in lending law.
STATEMENT: Congress must vote on H.R. 6054, the Small Business Lending Disclosure Act of 2021
(Washington, D.C. - July 13, 2022)
Statement by Joyce Klein, on behalf of the Responsible Business Lending Coalition, regarding the Small Business Subcommittee on Oversight, Investigations, and Regulations hybrid hearing, “Fintech and Transparency in Small Business Lending.”
Camino Financial and National Association for Latino Community Asset Builders Join Responsible Business Lending Coalition
(Washington, D.C. - July 8, 2022)
The Responsible Business Lending Coalition (RBLC), a network of non-profit and for-profit lenders, brokers, and small business advocates, today announced the addition of two new member organizations. Joining the coalition are the National Association for Latino Community Asset Builders and Camino Financial...
Responsible Business Lending Coalition Applauds CFPB Director Rohit Chopra’s Comments on Importance of Transparent Commercial Financing Disclosures
(Washington, D.C. - April 28, 2022)
Statement by Amyra Hasan, on behalf of the Responsible Business Lending Coalition, regarding Director Rohit Chopra’s testifying before the Senate Banking Committee and the House Financial Services Committee on the Consumer Financial Protection Bureau’s semi-annual report to Congress.
Responsible Business Lending Coalition Commends Small Business Lending Disclosure Act of 2021
(Washington, D.C. - November 18, 2021)
Statement in support of the Small Business Lending Disclosure Act of 2021 by Louis Caditz-Peck, Director of Public Policy at LendingClub Bank, on behalf of the Responsible Business Lending Coalition.
Newly-Issued State Small Business Credit Initiative Guidance Rightfully Prioritizes Borrower Protections for Entrepreneurs
(Washington, D.C. - November 16, 2021)
Statement from Joyce Klein on behalf of the Responsible Business Lending Coalition, the nation’s leading cross-sector coalition addressing the rise of irresponsible small business lending practices, on the Treasury’s incorporation of small business borrower protections in its program guidelines.
Responsible Business Lending Coalition Heralds Rohit Chopra's Confirmation as Director of Consumer Financial Protection Bureau
(Washington, D.C. - September 30, 2021)
The Responsible Business Lending Coalition (RBLC), a network of nonprofit and for-profit lenders, investors, and small business advocates applauds the Senate for confirming Rohit Chopra as the new Director of the Consumer Financial Protection Bureau.
RBLC's Statement on Isabel Guzman's Confirmation as Administrator of SBA
(Washington, D.C. - February 25, 2021)
The Responsible Business Lending Coalition (RBLC), a network of nonprofit and for-profit lenders, investors, and small business advocates, recommends that the Senate move quickly in confirming Isabel Guzman as Administrator of the U.S. Small Business Administration (SBA).
Statement: New York Enacts Strongest Commercial Lending Disclosure Law in the Nation
(Albany, NY - December 23, 2020)
Statement from Ryan Metcalf on behalf of the Responsible Business Lending Coalition applauding Governor Cuomo for signing New York State’s Small Business Truth in Lending Act into law today.
Responsible Lending Coalition Calls for Federal Action to Improve Equity in Small Business Lending
(Washington, D.C. - December 14, 2020)
The Responsible Business Lending Coalition released a letter today calling for the Consumer Financial Protection Bureau to increase reporting on all financial products; robust data collection will help address longstanding inequities that disproportionately affect women and people of color.
California’s DFPI Continues Its Commitment to Small Businesses with Latest Proposed Commercial Finance Disclosure Regulations
(Sacramento, CA - November 9, 2020)
California’s Department of Financial Protection and Innovation (DFPI) continued its commitment to small businesses across the state with its proposed Commercial Financing Disclosures (SB 1235) regulations. The policies proposed will allow small business owners to seek financing without deception by predatory lenders. The Responsible Business Lending Coalition (RBLC) supports...
Responsible Business Lending Coalition Endorses Small Business Lending Disclosure and Broker Regulation Act
(Washington, D.C. - July 30, 2020)
The Responsible Business Lending Coalition (RBLC) -- the only cross-sector coalition whose members represent nonprofit and for-profit lenders, investors, and small business advocates -- proudly endorses the Small Business Lending Disclosure and Broker Regulation Act of 2020. We applaud Congresswoman Nydia Velázquez for her leadership introducing this legislation...
The Responsible Business Lending Coalition Applauds the Passage of New York State’s Small Business Truth in Lending Act
(Albany, NY - July 24, 2020)
The Responsible Business Lending Coalition (RBLC), the only cross-sector coalition whose members represent nonprofit and for-profit lenders, investors, and small business advocates, commends the passage of the New York State Small Business Truth in Lending Act. The RBLC thanks the leadership of Assemblyman Zebrowski and Senator Thomas...
Black Lives Matter
(Washington, D.C. - June 12, 2020)
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.
Responsible Business Lending Coalition Endorses New York State Small Business Truth in Lending Act
(Albany, NY - March 12, 2020)
The Responsible Business Lending Coalition (RBLC) -- whose members have lent upwards of $250 million to over 4,100 small business owners across the State of New York -- proudly endorses A10118 and thanks Assemblyman Ken Zebrowski for his support of New York small businesses. The RBLC applauds the leadership of Assemblyman Zebrowski for introducing A10118 ...
Small Business Owners Could Save Billions Annually, Create Jobs, and Spur Economic Growth Under California’s Proposed Commercial Finance Disclosure Regulations
(Sacramento, CA - February 3, 2020)
As California’s Department of Business Oversight (DBO) finalizes requirements for commercial credit disclosures under the first Truth in Lending law in the country to apply to small business financing (SB 1235), the Responsible Business Lending Coalition (RBLC) urges the DBO to implement the proposed regulations swiftly -- especially in light of the positive economic impact...
Responsible Business Lending Coalition Voices Support for Strong Small Business Financial Protections in California
(Washington, D.C. - September 23, 2019)
Last year the State of California passed the first Truth in Lending law in the country to apply to small business financing. As the California financial services regulator finalizes requirements for commercial credit disclosures under the new law, the Responsible Business Lending Coalition (RBLC) is urging rulemakers to further strengthen proposed regulations and ensure they are structured in a way to best...
Responsible Business Lending Coalition Applauds California’s Proposed Commercial Finance Disclosure Regulations
(Washington, D.C. - July 29, 2019)
The State of California acted in the best interests of small businesses by developing proposed regulations that reinforce small business borrowers’ right to transparency in financial products. The proposed regulations released by the Department of Business Oversight (DBO) would protect California’s four million small businesses from predatory lending by mandating they be given the opportunity...
Federal Ban on Confessions of Judgment Would Help Small Businesses
(Washington, D.C. - June 25, 2019)
Congress took an important step toward protecting small businesses from predatory lending by re-introducing the Small Business Lending Fairness Act. This legislation, which is sponsored by Sens. Sherrod Brown (D-OH) and Marco Rubio (R-FL) in the Senate and Reps. Nydia Velazquez (D-NY) and Roger Marshall (R-KS) in the House, would ban a clause commonly found in small business lending...
StreetShares and Opportunity Finance Network Join Responsible Business Lending Coalition
(Washington, D.C. - June 18, 2019)
The Responsible Business Lending Coalition (RBLC), a network of non-profit and for-profit lenders, brokers and small business advocates, today announced the addition of two new member organizations. Joining the coalition are Opportunity Finance Network, the national association of community development financial institutions (CDFIs) with over 260 members in all 50 states, and StreetShares, ...
Responsible Business Lending Coalition Endorses Bipartisan Resolution on Fundamental Small Business Financing Rights
(Washington, D.C. - May 9, 2019)
The Responsible Business Lending Coalition (RBLC), a network of for-profit and non-profit lenders, brokers and small business advocates, applauds the leadership of Representatives Dean Phillips (D-MN), William Timmons (R-SC) and Nydia Velazquez (D-NY) in introducing a bipartisan Resolution in support of the Small Business Borrowers’ Bill of Rights. The RBLC developed the Small Business Borrowers’ Bill...
