(CFPB-PR-241113-1) (11-13-24) CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets – Lenders less likely to encourage Black entrepreneurs and more often steer them toward alternative financing Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking […]
Category: Lending Disparities
Addressing Lending Disparities is essential for fostering economic equity and supporting the financial well-being of all individuals. By recognizing the factors contributing to these disparities and implementing targeted solutions, society can work towards a more inclusive financial system that empowers underserved communities and promotes economic growth.
( Lending Disparities – Article ) ( Articles ) ( Lending Disparities ) Lending Disparities (LD) Introduction Lending Disparities refer to the unequal access to credit and financial services experienced by different demographic groups, often based on race, ethnicity, gender, or socioeconomic status. These disparities can have significant implications for individuals and communities, affecting economic mobility, […]