Quote Originally Posted by CavSct1983 View Post
That's not the point. The point is if banking were different, there would be no credit reports. Your reputation in the community would be your "credit report" instead of your credit report forming your lending-community reputation.
Well that's not how history worked. The company that is today called Equifax was started in 1899. Given how litigious people are today (and quick to scream "discrimination") there's no way you could get by on using someone's "reputation in the community" to secure or deny credit. People have long demanded a quantifiable and impartial scoring system for credit.

That said, I'll agree we'd be better off without the large national chain banks (which is why we should probably all be switching to credit unions).