Small Business Lenders Open Up to Cory Booker About Their High Interest Rates

Cory Booker on Oct. 21, 2013 in Newark Photograph by Kena Betancur/Getty Images

An interesting thing happened at a panel on small business lending hosted by Democratic Senator Cory Booker of New Jersey in Newark today: The chief executives of lenders known for making high-cost, short-term loans showed a willingness to discuss the interest rates they charge.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.