Small business owners want stricter rules for Wall Street

From staff reportsFebruary 4, 2013 

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

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