According to a Lake Research Partners for Small Business Majority survey released last week, 80 percent of small business owners see a need for stricter rules for financial institutions and Wall Street. Here are some other findings:
37 percent of entrepreneurs had a bank or other financial institution process their bank transactions in a way that maximizes fees.
24 percent of small business owners have experienced a lack of transparency or unclear terms with prepaid cards, mobile banking and more.
94 percent of small business owners would support regulations requiring an up-front full disclosure of terms for financial products.
SOURCE: Small Business Majority