Small Business Majority supports California's Fair Access to Credit Act

Date: 
Wednesday, March 27, 2019

Small Business Majority writes in support of AB 539, the Fair Access to Credit Act, which would eliminate the practice of charging unaffordable interest rates on consumer loans between $2,500 and $10,000. The legislation would protect small business borrowers from the predatory practices of triple-digit lenders, and as a result, greatly benefit entrepreneurs and small businesses in California that rely on consumer loans to grow their businesses.