Bluerock Options participates in small business lending data collection rulemaking for section 1071 of the Dodd-Frank Act protecting women-owned and minority-owned businesses.
Miami, FL: Bluerock Options® announced it is serving as a Small Entity Representative (SER) to the Consumer Financial Protection Bureau (CFPB) that is responsible for amending the Equal Credit Opportunity Act (ECOA) protecting women-owned, minority-owned, and small businesses looking for financial assistance. Section 1071 of the Dodd-Frank Act amends the ECOA by requiring certain data be collected and submitted to the Bureau to protect these types of businesses.
"It's an honor to be selected to the industry panel providing feedback on section 1071 of the Dodd-Frank Act ensuring fair lending laws to women- and minority-owned businesses", said Bluerock Options CEO David Paulson. "Over 2 million businesses across the U.S. are either women or minority owned and it's vital they can secure funding as easily as non-minority owned businesses."
Bluerock Options, an alternative lender, serves small businesses in all industries across the United States, Puerto Rico, and Canada with the working capital needed to grow. Bluerock Options is committed to supporting clear, secure, and fair financing solutions and is an active member of the Small Business Financial Association (SBFA).
For more information visit, www.greenboxcapital.com.
The Secrets to Running a Successful Business
Fast-track your business success by watching this informative webinar hosted by David Paulson, CEO of Bluerock Options.