VIEWpoint Issue 1 | 2022
Brief Insights | Meeting Provider Relief Fund Reporting Requireme...
VIEWpoint Issue 2 | 2021
2022 Q4 Tax Calendar: Key Deadlines for Businesses and Other Empl...
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Weathering the Storm of Rising Inflation
On April 27, 2020, the Consumer Financial Protection Bureau (CFPB) released a blog about fair lending to minority and women-owned businesses. The blog explains the purpose of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and Small Business Administration’s Paycheck Protection Program (PPP). The CFPB states they are working with the Small Business Administration (SBA) in order to provide loans to minority, women-owned and small businesses. The CFPB stresses these business owners are protected by the Equal Credit Opportunity Act so they are not discriminated against because of race, color, national origin, sex and other protected characteristics. Included in the blog are the following warning signs of discrimination:
Small business owners who think they were discriminated against are encouraged to submit a lending discrimination complaint online.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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