- Expand the disclosure on race and ethnicity to include sub-categories of various nationalities
- Require more specific disclosure of revenue size of the small business, other than simply above or below $1 million in revenue
- Include the action taken on loan applications, adding information regarding approvals and denials
- Provide information on the loan type and purpose to determine if lending is responsibly meeting credit needs
The NCRC also suggested enhancing the collection of other data elements such as pricing data, creditworthiness and the number of employees.
Read the NCRC white paper.