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Small business backs consumer protection

Big banks are furiously fighting financial reform in Congress – but small businesses are still paying for a decade of Wall Street recklessness with lost business and  frozen credit.

That’s the finding of a report from the Illinois Main Street Alliance – based on a survey of 1,200 small business owners – that’s being released tomorrow outside the Dollar Store Plus in Aurora (Friday, February 5, 12:15 p.m., 1266 N. Lake).

Small business owners from the Alliance will speak in support of a proposed consumer financial protection agency.  Legislation establishing such an agency passed the House of Representatives in December; the Obama administration backs the measure, but currently Senate Banking Committee Chair Chris Dodd is waffling on the issue.

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Category: banks & credit, consumers, economy

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