Small Business Groups Applaud Congressional Effort to Stop Predatory Lenders

Main Street Alliance, a coalition representing small businesses around the country, is cheering the introduction of federal legislation that would rein-in predatory lenders that prey on small businesses as well as individuals.

“Small businesses struggling with the ongoing COVID crisis are at risk to predatory rent-a-bank schemes who prey on their dire need for access to capital. We applaud Senator Van Hollen, Senator Brown and Representative Garcia for introducing resolutions to overturn the OCC’s…