As many of your members may have experienced, there are a lot of predatory lenders out there right now targeting small businesses with products that are unfair. They're opaque, they have hidden fees, they have ratchets. And We're proposing a series of different solutions to different types of predatory lending products targeted at small businesses. whether it's usury caps, whether it's more transparency or things along those lines. And so that bill, I think will get signed, I suspect it'll get signed later this year by the governor. (28:43–28:49)
CLAIM
Asserts that SB 666 proposes various solutions to predatory lending products targeting small businesses.
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