I would guess the logic was somewhere around KYC. Businesses have relationships with their banks, and the easiest way to be guided through the process was goin

I would guess the logic was somewhere around KYC. Businesses have relationships with their banks, and the easiest way to be guided through the process was going to your local rep. Banks would be much better at determining "do we already have an established business relationship with this legit business" vs the federal government trying to determine "which businesses are fake or frauds." It was a way to distribute the verification workload.