Harms small business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
Right-to-Know: Much Pain, Little Gain [for Small Businesses]
ABA is very concerned about the direction this legislation is headed and we are concerned over the impact it will have on the ability of consumers, students and small businesses to get credit cards.
To expect well over half a million small businesses to adhere to these extensive requirements would be regulatory overkill.
I have a greater concern – the concern for rural America, the concern for suburban America, which is a concern for the communities that you and I come from….It goes too far, Mr. Speaker. It puts a burden on our small business places….Think about the small business people, the nonmanufacturing entities, that all of a sudden are going to be forced into reporting requirements and the cost of doing business that is going to put many of them under.

