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Small Business Majority Testifies in Support of Truth in Lending Legislation in California

Date: 
Wednesday, 18 April, 2018

On April 18, Small Business Majority CEO John Arensmeyer testified before the California Senate Committee on Banking and Financial Institutions in support of SB 1235, which would create regulations for new sources of alternative lending in California. The testimony explained that such regulation is widely supported by small business owners, as it would protect them from predatory lending practices.