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On December 9, 2009, the U.S. Women's Chamber of Commerce formally endorsed the Consomer Federal Protection Act. Below is the statement given by Margot Dorfman, CEO.
>>Download PDF of statement
The extraordinary abuse of small businesses and every day Americans by a financial industry that has taken unwarranted profits through ruthless predatory practices must be stopped. It is time for our Congressional leaders to act to support the financial protection and wellbeing of all Americans.
Our leaders must act swiftly to restore the integrity of our financial institutions and our trust in the use of credit and lending so that we can bring back financial stability and job creation. The U.S. Women's Chamber of Commerce believes the establishment of a strong Consumer Financial Protection Agency (CFPA) is a crucial step in restoring the trust we need to rebuild a thriving American economy. The CFPA will benefit business, especially small businesses, which create most of the nation’s new jobs.