# The Consumerization of Small Business Lending: Federal and State Regulations Accelerate

Page: https://stenobird.com/podcast/consumer-finance-monitor-71869/the-consumerization-of-small-business-lending-federal-and-state-regulations-accelerate
Text version: https://stenobird.com/podcast/consumer-finance-monitor-71869/the-consumerization-of-small-business-lending-federal-and-state-regulations-accelerate.md
Podcast: [Consumer Finance Monitor](https://stenobird.com/podcast/consumer-finance-monitor-71869)
Published: 2026-02-19T14:36:00+00:00
Episode link: https://consumerfinancemonitor.libsyn.com/the-consumerization-of-small-business-lending-federal-and-state-regulations-accelerate
Audio file: https://traffic.libsyn.com/secure/consumerfinancemonitor/CFM0906.mp3?dest-id=785513
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JSON: https://stenobird.com/v1/public/podcasts/consumer-finance-monitor-71869/episodes/the-consumerization-of-small-business-lending-federal-and-state-regulations-accelerate
Duration seconds: 4177

## Resource

On today's Consumer Finance Monitor podcast, we are releasing an episode about a timely and wide-ranging discussion on one of the most significant and fastest-evolving developments in commercial finance: the rapid "consumerization" of small business lending law. In this episode, host Alan Kaplinsky welcomes Louis Caditz-Peck, Executive Director of the Responsible Business Lending Coalition (RBLC), for an in-depth conversation about the proliferation of state small business lending protection statutes, the policy debates driving them, and what they mean for lenders, fintechs, banks, and small business borrowers. From Self-Regulation to State Law: How We Got Here For decades, commercial lending operated under a fundamentally different regulatory framework than consumer credit. The prevailing assumption was that business borrowers were sophisticated, negotiated their transactions, and did not need standardized disclosures or suitability-type protections. That assumption has eroded. As Louis explains, since the financial crisis, and particularly with the growth of online and fintech lending, small business financing has changed dramatically. Community banks have pulled back. Non-bank online platforms have expanded. New products, including merchant cash advances and other revenue-based financing arrangements, have proliferated. At the same time, concerns have grown about: Opaque pricing structures Misleading "interest rate" representations Broker incentives that steer borrowers into higher-cost products Repeated refinancing of unaffordable obligations These concerns led to the development of the Small Business Borrower's Bill of Rights, a set of industry standards first launched in 2015 at the Aspen Institute by a coalition of lenders, small business groups, and nonprofit a…

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