Banks Lend to Wealthier, Whiter, and Urban Illinois Communities While Rural, Lower-Income, and Minority Areas Struggle New Report Examines Small Business Lending Post-Recession, Offers Policy and Practice Recommendations FOR IMMEDIATE RELEASE: August 6, 2019 PRESS CONTACTS: Jenna Severson (c) 616-914-2844...
This report finds businesses in low- and moderate-income and communities of color received fewer loans from banks than businesses in higher-income and predominantly white areas across Illinois. The report, which examines and compares lending reported by banks under...
The famous lyrics from Hamilton: An American Musical, “the world turned upside down,” are an apt description of what is happening in the financial justice field these days. Here’s what we’re concerned about at the federal level: The Department...
By Gregory Roberts Bloomberg July 19 — Online marketplace lenders would face significantly higher regulatory hurdles if most of their loans to small businesses were reclassified as consumer loans, as the Treasury Department has recommended, an industry representative and a...
20160420 Accion Chicago Small Business Presentation Final.pdf Presented by Dory Rand and Spencer Cowan at an Accion Chicago forum.
…Brent Adams, a lobbyist for the Woodstock Institute in Chicago that does research on fair lending practices, said that he’s not surprised by opposition to the bill. “We have observed that some of these alternative lenders offer loans on...
20160318 Dory Rand NCRC.pdf Presented by Dory Rand at the 2016 National Community Reinvestment Coalition conference in Washington, DC.
Small Businesses and Lack of Access to Capital Testimony Final 160125.pdf Testimony of Spencer Cowan before the Senate Financial Institutions Committee. In this testimony Cowan discussed the lack of access to capital for many small businesses in Illinois and the...
Predatory Lending and Small Business Senate Hearing 1-25-16 FINAL.pdf Presented by Spencer Cowan at the Illinois Senate Hearing on small business and and impact of predatory lending.
