InvestmentWatchBlog – Over A Million Are Denied Bank Accounts For Past Errors – 31 July 2013

Mistakes like a bounced check or a small overdraft have effectively blacklisted more than a million low-income Americans from the mainstream financial system for as long as seven years as a result of little-known private databases that are used by the nation’s major banks.

http://dealbook.nytimes.com/2013/07/30/over-a-million-are-denied-bank-accounts-for-past-errors/?partner=rss&emc=rss&_r=1&

www.investmentwatchblog.com / link to original article

Advertisement