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The Green Sheet: Senate called on to approve agency

The Green Sheet, February 22, 2010

Business for Shared Prosperity, a U.S. network of business owners, executives and investors, prepared a statement containing hundreds of signatures of business people across the nation, requesting U.S. Senate approval of the proposed Consumer Financial Protection agency. In a Feb. 4, 2010, press release, the network said the agency would safeguard businesses, consumers and the American Dream.

The statement said, "The financial crisis has demonstrated the need for a new independent federal agency to promote financial product safety and establish clear, enforceable rules of the road. Business owners and consumers need full and fair disclosure of the costs and risks of financial products and services."

Signers of the statement include: U.S. Women's Chamber of Commerce Chief Executive Officer Margot Dorfman, American Business Leaders for Financial Reform Chairman Tim Duncan, American Made Alliance founder Wendy Rosen, Atlanta Women in Business founder Lya Sorano, American Income Life Insurance CEO Roger Smith, Seventh Generation Chairman Jeffrey Hollender and Main Street Alliance National Network Director Sam Blair. The statement, along with the full list of signatories, can be found at www.businessforsharedprosperity.org/financial%20reform.

The Green Sheet focuses on the payment-processing industry.

http://www.greensheet.com/emagazine.php?story_id=1803