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Banks will have to report on small business loans

 
 
 
Banks will have to report on small business loans
Monday, March 16,2009 04:08 PM

WASHINGTON – The Obama administration is announcing that the 21 largest banks receiving government money must report monthly on how much lending they do to small businesses.

All other banks getting federal taxpayer help are being asked to report quarterly on small business loans. Even banks that are not taking government funds are being told by the administration to "make an extra effort" to increase small business lending.

Read the full article: http://news.yahoo.com/s/ap/20090316/ap_on_go_pr_wh/obama_economy