Posted inBusiness

Consumer Groups Cheer Move to Rein In Banking “Blacklist”

(CBS News) โ€“ For years, lower-income consumers often found it impossible to get basic banking services such as a checking account because banks use a consumer reporting agencyโ€™s information to deny such services. That information comes from ChexSystems, which many banks use to flag consumers deemed to pose a credit or fraud risk. On Wednesday, […]

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