Small Business Majority and partner organizations in Georgia oppose legislation failing to require APR disclosures
Date:
Tuesday, February 21, 2023
On February 21, Small Business Majority, LISC Atlanta, New Town Macon, the Atlanta Wealth Building Initiative and Albany Community Together, Inc. submitted a letter to the Georgia House Committee on Banks and Banking in opposition to HB 84, legislation that would make Georgia small businesses vulnerable to non-transparent financing providers by failing to require all providers to disclose the annual percentage rate (APR) or estimated APR.