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According to a Lake Research Partners for Small Business Majority survey released last week, 80 percent of small-business owners see a need for stricter rules for financial institutions and Wall Street. Here are other findings:
37 percent of entrepreneurs said a bank or other financial institution processed their bank transactions in a way that maximized fees.
24 percent of small-business owners said they have experienced a lack of transparency or unclear terms with prepaid cards, mobile banking and more.
94 percent of small-business owners would support regulations requiring an upfront full disclosure of terms for financial products.
Source: Small Business Majority
