Almost 600 Indiana Small Business Owners and
Consumers Speak Out Against Proposed
Consumer Financial Protection Agency
February 11, 2010 07:34 PM Eastern Time
WASHINGTON--(EON: Enhanced Online News)--As part of its significant grassroots mobilization effort, the U.S.
Chamber of Commerce announced today that concerned small business owners and citizens across Indiana have
sent almost 600 letters to Indiana’s Congressional delegation urging them to oppose the Consumer Financial
Protection Agency (CFPA).
“Hoosiers believe that protecting consumers is a critical part of financial regulatory reform, but creating more big
government and more red tape with the CFPA is the wrong approach,” said Ryan McKee, senior director for the
U.S. Chamber’s Center for Capital Market Competitiveness. “This new agency will impose new burdens on small
businesses and consumers, and their ability to invest, create jobs, and grow Indiana’s economy.”
The letters, generated since Labor Day as a result of the U.S. Chamber’s Stop the CFPA campaign, reflect
widespread opposition to the CFPA in Indiana. In just five months, individuals and small business owners from every
state have sent more than 160,000 letters urging Congress to oppose the CFPA. In addition to its active grassroots
effort, the Chamber has been running television, radio and online advertisements in key states to raise awareness
about the harmful effects of the proposed legislation.
“In his State of the Union address, President Obama called job creation our number one priority,” said McKee.
“The message that Indiana’s small business owners and consumers are sending the President and the Congress is
that the CFPA won’t create jobs, but it will add unnecessary layers of bureaucratic red tape and will be a
disincentive to hire. They want bipartisan solutions that will protect consumers without threatening Indiana’s
The Chamber believes the CFPA approach does not address the fundamental flaws in the existing regulatory