{"id":40439,"date":"2021-07-28T14:33:54","date_gmt":"2021-07-28T18:33:54","guid":{"rendered":"https:\/\/nationalcenter.org\/?p=40439"},"modified":"2021-07-28T14:33:54","modified_gmt":"2021-07-28T18:33:54","slug":"biden-threatens-black-lending-options","status":"publish","type":"post","link":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/","title":{"rendered":"Biden Threatens Black Lending Options"},"content":{"rendered":"

During the Trump Administration, banking regulations on lenders were eased. But Joe Biden is expected to try to rachet up new rules. This new red tape may take a growing financial tool \u2013 online lending<\/a><\/strong> platforms \u2013 away from minority entrepreneurs.<\/p>\n

\"\"In a commentary<\/a><\/strong> that appeared in the Atlanta Daily World, Project 21<\/a><\/strong> member Richard Holt<\/a><\/strong> writes that \u201c[t]he left\u2019s anti-growth agenda is setting the black community up for failure once again.\u201d He adds:<\/p>\n

We desperately need more growth to rebuild the post-COVID American economy. Yet liberals are hard at work waging war on business in general, and on minority entrepreneurs in particular.<\/p><\/blockquote>\n

Citing the fact that blacks seeking loans have suffered lending discrimination in the past \u2013 including smaller lines of credit and outright denials \u2013 Richard suggests that online lending is a more trustworthy means for wary black loan applicants to find credit:<\/p>\n

Online lenders largely use a series of data analytics to decide their loan process that can factor out things like race and gender. Blacks are looking to online lenders. Not just for convenience, but because we all know traditional banks won\u2019t be as responsive.<\/p><\/blockquote>\n

\u201c[B]lack America can catch up, but not by limiting options,\u201d Richard remarks. \u201cInstead, America should welcome and embrace online lending.\u201d<\/p>\n

With access to online and other lending opportunities, an increase in black wealth will \u201ccreate a ripple effect throughout the black community and ensure that wealth is attained broadly in our community and beyond,\u201d writes Richard. But this cannot happen with the threat of \u201cpoliticians who sabotage our progress\u201d through new financial regulation.<\/p>\n

To read all of Richard\u2019s commentary \u2013 \u201cLimiting Access to Online Lending Will Hurt Black Entrepreneurs\u201d \u2013 click here<\/a><\/strong>.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

During the Trump Administration, banking regulations on lenders were eased. But Joe Biden is expected to try to rachet up new rules. This new red tape may take a growing financial tool \u2013 online lending platforms \u2013 away from minority entrepreneurs. In a commentary that…<\/p>\n","protected":false},"author":9,"featured_media":40440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74,35,36],"tags":[77],"yoast_head":"\nBiden Threatens Black Lending Options - The National Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Almasi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\"},\"author\":{\"name\":\"David Almasi\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/person\/986101645c65e8d001dc8de54beb396d\"},\"headline\":\"Biden Threatens Black Lending Options\",\"datePublished\":\"2021-07-28T18:33:54+00:00\",\"dateModified\":\"2021-07-28T18:33:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/nationalcenter.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg\",\"keywords\":[\"ConservativeBlog.org\"],\"articleSection\":[\"Blog\",\"Featured\",\"Project 21\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\",\"url\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\",\"name\":\"Biden Threatens Black Lending Options - The National Center\",\"isPartOf\":{\"@id\":\"https:\/\/nationalcenter.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg\",\"datePublished\":\"2021-07-28T18:33:54+00:00\",\"dateModified\":\"2021-07-28T18:33:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage\",\"url\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg\",\"contentUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalcenter.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Biden Threatens Black Lending Options\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalcenter.org\/#website\",\"url\":\"https:\/\/nationalcenter.org\/\",\"name\":\"The National Center\",\"description\":\"For Public Policy Research\",\"publisher\":{\"@id\":\"https:\/\/nationalcenter.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalcenter.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nationalcenter.org\/#organization\",\"name\":\"The National Center\",\"url\":\"https:\/\/nationalcenter.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2018\/04\/sticky-logo.png\",\"contentUrl\":\"https:\/\/nationalcenter.org\/wp-content\/uploads\/2018\/04\/sticky-logo.png\",\"width\":278,\"height\":80,\"caption\":\"The National Center\"},\"image\":{\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/NCPPR\",\"https:\/\/twitter.com\/NationalCenter\",\"https:\/\/www.youtube.com\/channel\/UCFrgtYxKOBuDqXavBuK0FFA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/person\/986101645c65e8d001dc8de54beb396d\",\"name\":\"David Almasi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalcenter.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/db997acbffd0a56ade08faaf0fbccb09?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/db997acbffd0a56ade08faaf0fbccb09?s=96&d=mm&r=g\",\"caption\":\"David Almasi\"},\"url\":\"https:\/\/nationalcenter.org\/ncppr\/author\/davidalmasi\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Biden Threatens Black Lending Options - The National Center","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/","twitter_misc":{"Written by":"David Almasi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#article","isPartOf":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/"},"author":{"name":"David Almasi","@id":"https:\/\/nationalcenter.org\/#\/schema\/person\/986101645c65e8d001dc8de54beb396d"},"headline":"Biden Threatens Black Lending Options","datePublished":"2021-07-28T18:33:54+00:00","dateModified":"2021-07-28T18:33:54+00:00","mainEntityOfPage":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/"},"wordCount":284,"publisher":{"@id":"https:\/\/nationalcenter.org\/#organization"},"image":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage"},"thumbnailUrl":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg","keywords":["ConservativeBlog.org"],"articleSection":["Blog","Featured","Project 21"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/","url":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/","name":"Biden Threatens Black Lending Options - The National Center","isPartOf":{"@id":"https:\/\/nationalcenter.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage"},"image":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage"},"thumbnailUrl":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg","datePublished":"2021-07-28T18:33:54+00:00","dateModified":"2021-07-28T18:33:54+00:00","breadcrumb":{"@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#primaryimage","url":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg","contentUrl":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2021\/07\/loanapp.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/nationalcenter.org\/ncppr\/2021\/07\/28\/biden-threatens-black-lending-options\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalcenter.org\/"},{"@type":"ListItem","position":2,"name":"Biden Threatens Black Lending Options"}]},{"@type":"WebSite","@id":"https:\/\/nationalcenter.org\/#website","url":"https:\/\/nationalcenter.org\/","name":"The National Center","description":"For Public Policy Research","publisher":{"@id":"https:\/\/nationalcenter.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalcenter.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nationalcenter.org\/#organization","name":"The National Center","url":"https:\/\/nationalcenter.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalcenter.org\/#\/schema\/logo\/image\/","url":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2018\/04\/sticky-logo.png","contentUrl":"https:\/\/nationalcenter.org\/wp-content\/uploads\/2018\/04\/sticky-logo.png","width":278,"height":80,"caption":"The National Center"},"image":{"@id":"https:\/\/nationalcenter.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/NCPPR","https:\/\/twitter.com\/NationalCenter","https:\/\/www.youtube.com\/channel\/UCFrgtYxKOBuDqXavBuK0FFA"]},{"@type":"Person","@id":"https:\/\/nationalcenter.org\/#\/schema\/person\/986101645c65e8d001dc8de54beb396d","name":"David Almasi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalcenter.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/db997acbffd0a56ade08faaf0fbccb09?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/db997acbffd0a56ade08faaf0fbccb09?s=96&d=mm&r=g","caption":"David Almasi"},"url":"https:\/\/nationalcenter.org\/ncppr\/author\/davidalmasi\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/posts\/40439"}],"collection":[{"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/comments?post=40439"}],"version-history":[{"count":3,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/posts\/40439\/revisions"}],"predecessor-version":[{"id":40543,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/posts\/40439\/revisions\/40543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/media\/40440"}],"wp:attachment":[{"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/media?parent=40439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/categories?post=40439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalcenter.org\/wp-json\/wp\/v2\/tags?post=40439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}