CFLP convening: Fair Chance Lending Project

September 19, 2022

Pictured from left to right: Professor JJ Prescott (Law), Professor Emmanuel Yimfor (Ross), and Toni Meyers-Douglas (CCRC) 

Over the summer, the Center on Finance, Law & Policy partnered with the U-M Center of Racial Justice and Michigan Law to welcome board members from the Collateral Consequences Resource Center for a planning meeting related to a new research project called Fair Chance Lending. Led by Prof. JJ Prescott (Law School), the project seeks to understand what obstacles exist for entrepreneurs with criminal records, and develop policies and recommendations for mitigating those obstacles. Local CDFI lenders Derek Edwards (Invest Detroit) and John Schoeninger (Detroit Development Fund) contributed to researchers' understanding of the issues from a practitioner perspective by joining a panel discussion moderated by Paul Jones (New Economy Initiative).