Bankruptcy and The Other “Glass Ceiling” of Finance for Female Law Professionals

In 2016, the Consumer Financial Protection Bureau (CFPB) announced that it would be making a pivot in its focus.  Rather than addressing concerns about fraud and bias in lending for post-secondary students or low income mortgage borrowers, the shift would begin to address something that many female business owners (including lawyers who have moved to set up their own firm or private practice) are infinitely aware of; gender bias in small business lending for women. An archaic argument that attempts to explain the gap between available business lending for female owned enterprises, assumes that there are more male founded start-ups. …

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