October , 2018

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CHICAGO, IL Illinois State Senator Jacqueline Y. Collins (D-Chicago 16th), chair of the Senate Financial Institutions Committee, will hold a subject-matter hearing Monday to hear from business owners, advocates and elected officials on predatory lending, lack of access to capital and the effect on small businesses, particularly those owned by minorities.

The number of loans issued by banks to small businesses has dropped by 20 percent since 2008. Alternative lenders have stepped into the gap, but without the same consumer protections that apply when individuals borrow money, small business owners are vulnerable to misleading and predatory practices. Businesses located in minority neighborhoods are disproportionately disadvantaged, and the lack of reliable access to capital remains a major challenge to economic growth in low-income, high-unemployment areas.

WHO:                   Sen. Collins and members of the Senate Financial Institutions Committee

                              City of Chicago Treasurer Kurt Summers

                              Representatives of advocacy and research groups with expertise

                              on the issue

                              Small business owners

WHAT:  Subject matter hearing on predatory lending and access to capital for Illinois small businesses

Committee members will hear testimony on existing resources and how state policy changes could help protect small business owners seeking loans from confusing, misleading and predatory terms.

WHEN:                 Monday, Jan. 25 at 1:30 p.m.

WHERE:               Room C600

                              Michael A. Bilandic Building


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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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