The Washington Business Journal ran this article today quoting Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce, on her support for the CFPA.

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Here’s an excerpt from the article:

Supporters of the [CFPA] contend it is needed because banking regulators failed to rein in abusive practices by the financial industry. Small businesses, as well as consumers, would benefit from the agency, said Margot Dorfman, CEO of the U.S. Women’s Chamber of Commerce.

“Business owners and consumers need the security of knowing that the costs and risks of financial products, services and lending are fully and fairly disclosed,” Dorfman said. “We need a strong, independent federal agency to promote financial product safety and establish clear, enforceable rules of the road.”