" Yesterday in Washington D.C. a coalition of lenders , financial marketplaces , brokers , banks and others introduced the " Small Business Borrowers " Bill of Rights , " aimed at eliminating " predatory lending " to small businesses . The goal of the Bill is to build up awareness on the side of borrowers , in the hope that lenders and brokers who are not following best practices will either have to change or fail . So far , signatories include Equity , Fundera , Funding Circle , Lending Club , Opportunity Fund , and Multifunding , with the bill encouraging all parties in the industry to sign on to follow the guiding principles .
Yesterday in Washington D.C. a coalition of lenders , financial marketplaces , brokers , banks and others introduced the " Small Business Borrowers " Bill of Rights , " aimed at eliminating " predatory lending " to small businesses . The goal of the Bill is to build up awareness on the side of borrowers , in the hope that lenders and brokers who are not following best practices will either have to change or fail . So far , signatories include Equity , Fundera , Funding Circle , Lending Club , Opportunity Fund , and Multifunding , with the bill encouraging all parties in the industry to sign on to follow the guiding principles .