Just Economy Conference – May 13, 2021
The COVID-19 pandemic had a devastating impact on small businesses, and disproportionately hurt minority-owned small businesses. The government provided aid in a variety of ways, including the creation of the Paycheck Protection Program and extending credit modifications, but there still remains a need for additional assistance and regulatory changes in order for businesses to weather this ongoing storm. Evidence of discrimination by financial institutions has been repeatedly found by NCRC’s small business mystery shopping tests, but there has been limited enforcement action implemented to ensure equal access to aid and additional credit products for small businesses. Stakeholders at all levels have a role to play in working towards solutions for businesses damaged by the economic downturn. Join us for a panel discussion with speakers from federal, state, academic and advocate organizations on the gaps in lending enforcement today and possible solutions to increase oversight of fair lending practices.