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.
Early next year, J.P. Morgan will start using online lender On Deck Capital Inc. to help make loans to some of the bank’s roughly four million small-business customers. On Deck Capital, which has extended as much credit in its...
While some entrepreneurs can rely on home equity or other personal assets to get their businesses off the ground or navigate through a rough spot, the housing crisis — and the resulting glut of underwater homeowners — cut off...
