Detroit News Editorial: America Needs Consumer Financial Agency

real watchdogThe Detroit News published this insightful editorial by professor John A.E. Pottow.  He tries to uncover the Chamber of Commerce’s opposition to the CFPA, and discovers:

“This group fears that meaningful government oversight will make it impossible to sandbag consumers who can’t really compare price — consumers that, not incidentally, include small businesses.

“Indeed, if small businesses are often just individuals with credit cards and an idea, then they should be the strongest advocates for the simplicity and price transparency that the Consumer Financial Protection Agency will surely herald.”

Read the full editorial.