MEDIA AVAILABILITY:Small Business Expert Available to Discuss Newly Launched Small Business Borrowers' Bill of Rights
WHO: John Arensmeyer, Founder and CEO of Small Business Majority
WHAT: Small business expert and Small Business Majority Founder and CEO, John Arensmeyer, is available to discuss the Small Business Borrowers' Bill of Rights, which is the first-ever consensus on responsible small business lending practices to help foster greater transparency and accountability across the small business lending sector.
A coalition of nonprofits, credit marketplaces, brokers, think tanks, and small business advocates unveiled the Small Business Borrowers' Bill of Rights today at the National Press Club in Washington, D.C. Karen Mills, former head of the U.S. Small Business Administration, was the keynote speaker at the event, which was followed by a panel discussion moderated by Michael Barr, former Assistant Secretary of the Treasury.
The Small Business Borrowers' Bill of Rights outlines six key rights the Responsible Business Lending Coalition believes all small business borrowers deserve:
1. The Right to Transparent Pricing and Terms, including a right to see an annualized interest rate and all fees
2. The Right to Non-Abusive Products, so that borrowers don't get trapped in a vicious cycle of expensive re-borrowing
3. The Right to Responsible Underwriting, so that borrowers are not placed in loans they are unable to repay
4. The Right to Fair Treatment from Brokers, so that borrowers are not steered into the most expensive loans
5. The Right to Inclusive Credit Access, without discrimination
6. The Right to Fair Collection Practices, to prevent harassment and unfair treatment
WHEN: Today, August 6, 2015 // Available after event concludes at 11:30am EDT
WHERE: For in person interviews, John will be at the National Press Club in Washington D.C. until 12:00pm EDT. John is also available via phone all day.
TO REQUEST AN INTERVIEW: Contact Kelsey Bye, Media and Communications Associate for Small Business Majority: (202) 289-0957 or [email protected]
About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners to focus on solving the biggest problems facing America's 28 million small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong, sustainable economy. We are a team of more than 30 working from our 11 offices in Washington, D.C. and 9 states, with a network of more than 45,000 small business owners and more than 2,000 business organizations, along with a formal strategic partnership program of more than 125 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about issues including taxes, healthcare, access to capital, entrepreneurship, workforce development, clean energy and immigration. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.