Banks Relax Use of Bad-Checks List to Vet Applicants
Wall Street Journal (10/02/00) Vol. 3, No. 5 p.C29; Beckett, Paul

Banks are reigning in their use of ChexSystems, a customer blacklist database that tracks those who mishandle checking accounts, with Wells Fargo, Washington Mutual, and Bank of America all recently agreeing to slow down their use of the database. Eighty percent of bank branches in the country use ChexSystems to review new customers' checking histories.

Back   | Home   |  News Archive