- Chicago Newstips by Community Media Workshop - http://www.newstips.org -

Small business backs consumer protection

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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 [2] – 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 [3].  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.