Webinar: Credit barriers for entrepreneurs with a criminal history
Webinar November 10 at 1 EST
Generational Wealth: Credit Barriers for People with a Criminal History
Tune on Thursday Nov. 10 at 1 EST for a webinar hosted by the National Community Reinvestment Coalition on barriers to credit for small business owners with a criminal record. Panelists, including CCRC’s Margaret Love, will describe the many formal and informal restrictions on access to credit that make it difficult for an entrepreneur with a criminal record to build a business, including those imposed by the U.S. Small Business Administration on access to federally-guaranteed bank loans. These are issues that CCRC has been exploring since the early days of the pandemic when the SBA’s restrictions on the Paycheck Protection Program came to light.
Panelists:
- Margaret Love, Executive Director, Collateral Consequences Resource Center
- Lettisha Boyd, Owner and Principal Consultant, Beyond Savvy Consumers
- Bonnie Crockett, Director of Small Business Lending at Baltimore Community Lending Inc.
- Susan Grutza, Policy Counsel of the Office of Fair Lending & Equal Opportunity, Consumer Financial Protection Bureau
Register for the webinar here:
The NCRC’s announcement is here:
Nearly 1 in 3 Americans have a criminal record. Each year over 600,000 Americans are released from state or federal prisons and re-enter society. Re-entry into society poses barriers to everyone but disproportionately affects African Americans and other minorities as African Americans and Hispanics make up 56% of the incarcerated population. This disproportionate representation within the criminal justice system impacts these communities and their ability to build generational wealth due to the barriers that exist upon re-entry.
Join us on November 10th as we speak with advocates, a CDFI, and the CFPB about the barriers that exist for people with a criminal record to build wealth and what can be done to overcome these barriers.
- SBA takes one step toward fair chance lending, but needs to take another - September 7, 2023
- CCRC seeking a Deputy Director - June 13, 2023
- Biden Administration announces actions to promote reintegration - April 28, 2023
- SBA modifies criminal history restrictions in its loan programs - April 14, 2023
- DC enacts progressive new record-clearing law - April 6, 2023
- Pending federal reforms promise support for justice-affected entrepreneurs - March 9, 2023
- SBA proposes to ease criminal history restrictions in loan programs - January 19, 2023
- Oklahoma and California win Reintegration Champion awards for 2022 laws - January 17, 2023
- The Frontiers of Dignity: Clean Slate and Other Criminal Record Reforms in 2022 - January 10, 2023
- Marijuana legalization and record clearing in 2022 - December 20, 2022