Bank and Financial Reform: Provide adequate disclosure on reasons business financing is denied by FDIC banks with score

Banks currently do not provide adequate information on why business credit is denied. Denials should be based upon specific statistical information such as Business and Personal Credit scores, profit and/or liquidity requirements and past history of the company. Businesses should be made aware of how they can imporve their scores so they can resubmit and obtain financing. FDIC insured banks should also be required to monitor and report on an annual basis the percentage of credit provided to women, minorities and small businesses such that trends can be noted. FDIC and other Federal tax payer protections should be denied to banks that have lower than average percentage lending to small businesses. Small busnesses provide jobs and need equal opportunity to lending.