RBLC Press Releases
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...
