Small Business Lending Reporting Imposed

In another move designed to make easier credit available to small businesses, the Obama administration has announced that it will require the 21 largest banks benefitting from TARP funding to report monthly on their levels of small business lending, and all other banks getting TARP money to report on small business lending levels quarterly. The White House announcement also encouraged banks not needing TARP assistance to "make an extra effort" to increase small business lending. Let's hope the bankers are listening.